Form 8.5 (EPT/RI)-British Land Company plc, The

Morgan Stanley & Co. Int'l plc

13 April 2026

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	Morgan Stanley & Co. International plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	British Land Company plc, The
(c) Name of the party to the offer with which exempt principal trader is connected:	British Land Company plc, The
(d) Date dealing undertaken:	10 April 2026
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?      If it is a cash offer or possible cash offer, state "N/A"	YES - Life Science REIT plc

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
25p ordinary	PURCHASES	885,411	3.8180 GBP	3.7740 GBP
25p ordinary	SALES	1,442,076	3.8180 GBP	3.7735 GBP
25p ordinary	SALES	39	5.1146 USD	5.1146 USD
25p ordinary	PURCHASES	781	5.1185 USD	5.0975 USD

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
25p ordinary	CFD	increasing a long position	1,049	3.7829 GBP
25p ordinary	CFD	increasing a long position	695	3.7829 GBP
25p ordinary	CFD	increasing a long position	54,326	3.7842 GBP
25p ordinary	CFD	increasing a long position	888	3.7915 GBP
25p ordinary	CFD	increasing a long position	588	3.7915 GBP
25p ordinary	CFD	increasing a long position	242	3.7924 GBP
25p ordinary	CFD	increasing a long position	2,739	3.7924 GBP
25p ordinary	CFD	increasing a long position	654	3.7924 GBP
25p ordinary	CFD	increasing a long position	225	3.7924 GBP
25p ordinary	CFD	increasing a long position	1,602	3.7924 GBP
25p ordinary	CFD	increasing a long position	2,434	3.7932 GBP
25p ordinary	CFD	increasing a long position	729	3.7933 GBP
25p ordinary	CFD	increasing a long position	129	3.7939 GBP
25p ordinary	CFD	increasing a long position	78,499	3.7954 GBP
25p ordinary	CFD	increasing a long position	4,992	3.7959 GBP
25p ordinary	CFD	increasing a long position	2,695	3.7965 GBP
25p ordinary	CFD	increasing a long position	123,168	3.7972 GBP
25p ordinary	CFD	increasing a long position	114	3.7986 GBP
25p ordinary	CFD	increasing a long position	728	3.7998 GBP
25p ordinary	CFD	increasing a long position	3,369	3.8015 GBP
25p ordinary	CFD	increasing a long position	14,610	3.8035 GBP
25p ordinary	CFD	increasing a long position	47,395	3.8036 GBP
25p ordinary	CFD	increasing a long position	166,613	3.8039 GBP
25p ordinary	CFD	increasing a long position	100	3.8040 GBP
25p ordinary	CFD	increasing a long position	7,530	3.8040 GBP
25p ordinary	CFD	increasing a long position	27,578	3.8040 GBP
25p ordinary	CFD	increasing a long position	22,083	3.8040 GBP
25p ordinary	CFD	increasing a long position	14,646	3.8041 GBP
25p ordinary	CFD	increasing a long position	19,956	3.8042 GBP
25p ordinary	CFD	increasing a long position	7,414	3.8045 GBP
25p ordinary	CFD	increasing a long position	5,541	3.8054 GBP
25p ordinary	CFD	increasing a short position	303	3.7740 GBP
25p ordinary	CFD	increasing a short position	4,798	3.7806 GBP
25p ordinary	CFD	increasing a short position	411	3.7820 GBP
25p ordinary	CFD	increasing a short position	316	3.7830 GBP
25p ordinary	CFD	increasing a short position	2,045	3.7840 GBP
25p ordinary	CFD	increasing a short position	1	3.7860 GBP
25p ordinary	CFD	increasing a short position	1,300	3.7943 GBP
25p ordinary	CFD	increasing a short position	4,493	3.7956 GBP
25p ordinary	CFD	increasing a short position	48,365	3.7987 GBP
25p ordinary	CFD	increasing a short position	2,724	3.8003 GBP
25p ordinary	CFD	increasing a short position	2,218	3.8004 GBP
25p ordinary	CFD	increasing a short position	5,637	3.8006 GBP
25p ordinary	CFD	increasing a short position	685	3.8010 GBP
25p ordinary	CFD	increasing a short position	3,352	3.8023 GBP
25p ordinary	CFD	increasing a short position	7,356	3.8023 GBP
25p ordinary	CFD	increasing a short position	8,998	3.8023 GBP
25p ordinary	CFD	increasing a short position	29,049	3.8033 GBP
25p ordinary	CFD	increasing a short position	2	3.8040 GBP
25p ordinary	CFD	increasing a short position	60,464	3.8040 GBP
25p ordinary	CFD	increasing a short position	1,894	3.8040 GBP
25p ordinary	CFD	increasing a short position	72	3.8040 GBP
25p ordinary	CFD	increasing a short position	15	3.8040 GBP
25p ordinary	CFD	increasing a short position	20	3.8040 GBP
25p ordinary	CFD	increasing a short position	3	3.8040 GBP
25p ordinary	CFD	increasing a short position	3,500	3.8093 GBP
25p ordinary	CFD	increasing a short position	6	3.8110 GBP
25p ordinary	CFD	increasing a short position	189	3.8110 GBP
25p ordinary	CFD	increasing a short position	16	3.8115 GBP
25p ordinary	CFD	increasing a short position	40	5.1185 USD
25p ordinary	CFD	increasing a short position	516	5.1186 USD
25p ordinary	CFD	increasing a short position	13	5.1193 USD
25p ordinary	CFD	reducing a long position	6	3.7760 GBP
25p ordinary	CFD	reducing a long position	409	3.7822 GBP
25p ordinary	CFD	reducing a long position	1,905	3.7956 GBP
25p ordinary	CFD	reducing a long position	100	3.7956 GBP
25p ordinary	CFD	reducing a long position	18,596	3.7978 GBP
25p ordinary	CFD	reducing a long position	24,837	3.7987 GBP
25p ordinary	CFD	reducing a long position	7,331	3.8000 GBP
25p ordinary	CFD	reducing a long position	14,208	3.8017 GBP
25p ordinary	CFD	reducing a long position	26,585	3.8031 GBP
25p ordinary	CFD	reducing a long position	7,504	3.8040 GBP
25p ordinary	CFD	reducing a long position	4,892	3.8041 GBP
25p ordinary	CFD	reducing a long position	88	3.8079 GBP
25p ordinary	CFD	reducing a long position	284	3.8125 GBP
25p ordinary	CFD	reducing a short position	6	3.7760 GBP
25p ordinary	CFD	reducing a short position	6	3.7790 GBP
25p ordinary	CFD	reducing a short position	604	3.7840 GBP
25p ordinary	CFD	reducing a short position	7,585	3.7866 GBP
25p ordinary	CFD	reducing a short position	18	3.7884 GBP
25p ordinary	CFD	reducing a short position	1	3.7910 GBP
25p ordinary	CFD	reducing a short position	7	3.7924 GBP
25p ordinary	CFD	reducing a short position	22	3.7962 GBP
25p ordinary	CFD	reducing a short position	2,020	3.7976 GBP
25p ordinary	CFD	reducing a short position	4,988	3.7985 GBP
25p ordinary	CFD	reducing a short position	39	3.7987 GBP
25p ordinary	CFD	reducing a short position	5,755	3.7990 GBP
25p ordinary	CFD	reducing a short position	3	3.8000 GBP
25p ordinary	CFD	reducing a short position	4,087	3.8010 GBP
25p ordinary	CFD	reducing a short position	33	3.8036 GBP
25p ordinary	CFD	reducing a short position	16	3.8039 GBP
25p ordinary	CFD	reducing a short position	237,855	3.8040 GBP
25p ordinary	CFD	reducing a short position	3,931	3.8040 GBP
25p ordinary	CFD	reducing a short position	5,485	3.8040 GBP
25p ordinary	CFD	reducing a short position	33,686	3.8040 GBP
25p ordinary	CFD	reducing a short position	26,136	3.8040 GBP
25p ordinary	CFD	reducing a short position	48,365	3.8054 GBP
25p ordinary	CFD	reducing a short position	656	3.8063 GBP
25p ordinary	CFD	reducing a short position	35	3.8074 GBP
25p ordinary	CFD	reducing a short position	31	3.8118 GBP
25p ordinary	CFD	reducing a short position	68	3.8121 GBP

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
N/A	N/A	N/A	N/A	N/A

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
N/A	N/A	N/A	N/A

3.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

NONE

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

NONE

Date of disclosure:	13 April 2026
Contact name:	Claire Gordon
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END