BRIEF

on The Vanguard Group, Inc. (isin : US12572Q1058)

The Vanguard Group Discloses Significant Stake in Picton Property Income Limited

On March 23, 2026, The Vanguard Group, Inc. filed Form 8.3 concerning Picton Property Income Limited. The disclosure was made in accordance with Rule 8.3 of the Takeover Code, covering positions representing 1% or more of the relevant securities. Specifically, Vanguard reported a holding of 25,984,311 ordinary shares, representing 5.06% of the shares.

The filing also notes that Vanguard's disclosure includes interests connected with LondonMetric Property plc along with Picton. According to the form, Vanguard sold 1,005,430 shares at 0.78 GBP per unit on March 20, 2026. No agreements or arrangements, relating to indemnities or derivatives, were disclosed beyond these share dealings.

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