THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you should seek your own personal financial advice from your stockbroker, bank manager, solicitor, accountant, or other financial advisor authorised under the Financial Services and Markets Act 2000. If you have sold or otherwise transferred all your ordinary shares, please send this document, together with the accompanying documents, as soon as possible to the purchaser or transferee, or to the stockbroker, bank or other agent through whom the sale or transfer was effected, for delivery to the purchaser or transferee. The distribution of this document in jurisdictions other than the may be restricted by the laws of those jurisdictions and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. Failure to comply with any such restrictions may constitute a violation of the securities law of any such jurisdiction.

LondonMetric Property Plc (incorporated and registered in England and Wales under company registration number 7124797)

Notice of Annual General Meeting Transfer of Listing Category

Your attention is drawn to the letter from the Chairman of LondonMetric Property Plc which contains the unanimous recommendation of the Directors that you vote in favour of the resolutions proposed at this Annual General Meeting. Notice of the Annual General Meeting of LondonMetric Property Plc to be held at 10.00 a.m. on 17 July 2014 at The Connaught, Carlos Place, Mayfair, W1K 2AL is set out at the end of this document. A Form of Proxy for use at the Annual General Meeting is enclosed. To be valid, the Form of Proxy should be completed, signed and returned in accordance with the instructions printed on it to Capita Asset Services at PXS1, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4ZF as soon as possible but in any event so as to arrive no later than 10.00 a.m. 15 July 2014. LondonMetric Property Plc (incorporated and registered in England and Wales under company registration number 7124797)

One Curzon Street London W1J 5HB Patrick Vaughan, Executive Chairman Andrew Jones, Chief Executive Martin McGann, Finance Director Valentine Beresford, Investment Director Mark Stirling, Asset Director Humphrey Price, Non-executive Director Charles Cayzer, Senior Independent Non-executive Director Rosalyn Wilton, Non-executive Director Alec Pelmore, Non-executive Director Andrew Varley, Non-executive Director James Dean, Non-executive Director Philip Watson, Non-executive Director

18 June 2014

To the Shareholders of LondonMetric Property Plc Notice of Annual General Meeting and Transfer of Listing Category to Chapter 6, Commercial Company Dear Shareholder I am pleased to be writing to you with details of our Annual General Meeting (“AGM”) which we are holding at 10.00 a.m. on 17 July 2014 at The Connaught, Carlos Place, Mayfair, London W1K 2AL. The formal notice of AGM is set out on pages 9 to 12 of this document. The purpose of this letter is to explain certain elements of the business to be considered at the meeting and, in particular, our proposal to transfer the listing category of the whole of the Company’s issued share capital from a premium listed closed- ended investment fund under Chapter 15 of the Listing Rules, to a premium listed commercial company under Chapter 6 of the Listing Rules. Further details of the proposed transfer of listing category can be found at resolution 24 below. If you would like to vote on the resolutions but cannot come to the AGM, you can appoint a proxy to exercise all or any of your rights to attend, vote and speak at the AGM by using one of the methods set out in the notes to the notice of AGM. Appointing a proxy will not prevent you from attending and voting in person at the AGM. Resolution 1 – To receive the Annual Report and Accounts The Chairman will present the Annual Report and Accounts for the year ended 31 March 2014 to the meeting. The accounts were sent to shareholders with this document. Resolution 2 – Remuneration Committee Report Resolution 2 is an ordinary resolution to approve the Remuneration Committee report. Section 439 of the Companies Act 2006 (the “Companies Act”) requires UK-incorporated listed companies to put their Remuneration Committee Report to an advisory shareholder vote. As the vote is advisory it does not affect the actual remuneration paid to any individual director. The Remuneration Committee Report is set out in full in the Annual Report and Accounts. Resolution 3 – Remuneration Policy Section 439A of the Companies Act, which came into force on 1 October 2013, requires UK-incorporated listed companies to have a forward looking policy on directors’ remuneration, which must be approved by a shareholder vote. The remuneration policy forms a separate part of the Remuneration Committee Report and appears on pages 72 to 77 of the Annual Report and Accounts. As this vote is binding, once the remuneration policy, as approved by shareholders, comes into effect, all remuneration payments or payments for loss of office by the Company to the directors and any former directors must be made in accordance with the policy (unless such a payment has been separately approved by a further shareholder resolution). Resolution 3 is an ordinary resolution to approve the remuneration policy. It is proposed that the remuneration policy will come into effect immediately following the AGM.

2 LondonMetric Property Plc Notice of Annual General Meeting 2014 If the Company wishes to change the directors’ remuneration policy, it will need to put the revised policy to a shareholder vote before it can implement the new policy. Under the Companies Act, the policy is subject to further shareholder approval at least every three years. The directors’ remuneration policy will therefore need to be put to shareholders for approval again no later than 17 July 2017. Resolution 4 – Final Dividend A final dividend of 3.5p per ordinary share for the year ended 31 March 2014 is recommended for payment by the directors. If you approve the recommended final dividend, this will be paid on 21 July 2014 to all ordinary shareholders who were on the register of members at the close of business on 13 June 2014. Resolutions 5 and 6 – Reappointment of Auditors Resolution 5 relates to the reappointment of Deloitte LLP as the Company’s auditors to hold office until the next AGM of the Company and Resolution 6 authorises the directors to set their remuneration. The directors have delegated the responsibility of setting the auditors’ remuneration to the audit committee of the Board. Resolutions 7 to 19 – Reappointment of Directors and Non-Executive Directors’ Fees Resolutions 7 through to 18 deal with the reappointment of the directors. The Company’s Articles of Association require each director to retire from office and be subject to re-election at the first annual general meeting after appointment and thereafter at no more than three-yearly intervals. Accordingly, Rosalyn Wilton who was appointed on 25 March 2014 and Mark Stirling and Valentine Beresford who were each appointed on 3 June 2014, offer themselves for re-election at the AGM. The Company has followed the provisions of the UK Corporate Governance Code which requires all directors to retire and offer themselves for re-election. Accordingly, biographies of each of the directors can be found on pages 7 and 8 of this document. The Board has confirmed, following a performance review, that all directors standing for reappointment continue to perform effectively and demonstrate commitment to their role. Resolution 19 relates to the level of fees that the Company may pay to Non-Executive Directors as set out in the Articles of Association and the Board proposes this is increased from £500,000 per annum to £1 million per annum. Resolution 20 – Allotment of Share Capital At the last AGM of the Company held on 10 July 2013, the directors were given authority to allot ordinary shares in the capital of the Company up to a maximum nominal amount of £20,934,797 representing approximately one-third of the Company’s then issued ordinary share capital. Your Board considers it appropriate that a further similar authority be granted to allot ordinary shares in the capital of the Company up to a maximum nominal amount of £20,934,797 representing approximately one-third of the Company’s issued ordinary share capital as at 16 June 2014 (the latest practicable date before publication of this letter) during the period up to the conclusion of the next AGM in 2015. In addition, the Association of British Insurers (ABI) has said that it will now consider as routine a resolution to authorise the allotment of a further one-third of share capital for use in connection with a rights issue. Your Board considers it appropriate to seek this additional allotment authority at this year’s AGM in order to take advantage of the flexibility it offers. However, the Board has no present intention of exercising either authority. If the additional authority is actually used, the whole board will stand for re-election at the next annual general meeting. As at the date of this letter the Company does not hold any ordinary shares in the capital of the Company in treasury. Resolution 21 – Disapplication of Statutory Pre-Emption Rights Resolution 21 will empower the directors to allot ordinary shares in the capital of the Company for cash on a non-pre- emptive basis: 1. in connection with a rights issue or other pro-rata offer to existing shareholders; and 2. otherwise than in connection with a rights issue, up to a maximum nominal value of £3,140,220, representing approximately 5 per cent of the issued ordinary share capital of the Company as at 16 June 2014 (the latest practicable date before publication of this letter). Resolution 22 – Authority to Purchase Own Shares Resolution 22 gives the Company authority to buy back its own ordinary shares in the market as permitted by the Companies Act. The authority limits the number of shares that could be purchased to a maximum of 62,804,391 representing approximately 10 per cent of the Company’s issued ordinary share capital as at 16 June 2014 (the latest practicable date before publication of this letter) and sets minimum and maximum prices. This authority will expire at the conclusion of the next AGM in 2015.

LondonMetric Property Plc Notice of Annual General Meeting 2014 3 The directors have no present intention of exercising the authority to purchase the Company’s ordinary shares but will keep the matter under review, taking into account the financial resources of the Company, the Company’s share price and future funding opportunities. The authority will be exercised only if the directors believe that to do so would result in an increase in earnings per share and would be in the interests of shareholders generally. Any purchases of ordinary shares would be by means of market purchases through the . Listed companies purchasing their own shares are allowed to hold them in treasury as an alternative to cancelling them. No dividends are paid on shares whilst held in treasury and no voting rights attach to treasury shares. If Resolution 22 is passed at the AGM, it is the Company’s current intention to hold in treasury the majority of the shares it may purchase pursuant to the authority granted to it. However, in order to respond properly to the Company’s capital requirements and prevailing market conditions, the directors will need to reassess at the time of any and each actual purchase whether to hold the shares in treasury or cancel them, provided it is permitted to do so. The Company may hold a maximum of up to 10 per cent of its issued share capital in treasury in accordance with guidelines issued by the Association of British Insurers. As at 16 June 2014 (the latest practicable date before publication of this letter), there were share awards over 2,247,366 ordinary shares in the capital of the Company representing 0.36 per cent of the Company’s issued ordinary share capital. If the authority to purchase the Company’s ordinary shares was exercised in full, these awards would represent 0.40 per cent of the Company’s issued ordinary share capital. Resolution 23 – Notice Period for General Meetings It is proposed in Resolution 23 that shareholders should approve the continued ability of the Company to hold general meetings other than the annual general meeting on 14 clear days’ notice. This resolution is required under section 307A of the Companies Act. Under that section, a traded company which wishes to be able to call general meetings (other than an AGM) on 14 clear days’ notice must obtain shareholders’ approval. Resolution 23 seeks such approval. The resolution is valid up to the next annual general meeting and so will need to be renewed annually. The Company will also need to meet the requirements for voting by electronic means under section 307A before it can call a general meeting on 14 days’ notice. The shorter notice period would not be used as a matter of routine for general meetings, but only where the flexibility is merited by the business of the meeting and is thought to be to the advantage of shareholders as a whole. Resolution 24 – Transfer to Chapter 6, Commercial Company It is proposed in Resolution 24 that shareholders should approve the transfer of the listing of the whole of the Company’s issued share capital from a premium listed closed-ended investment fund under Chapter 15 of the Listing Rules to a premium listed commercial company under Chapter 6 of the Listing Rules. A special resolution is required under Listing Rule 5.4A.4 to approve this change. Shareholders should note that the transfer will only change the listing category of the Company and will not affect its status as either a premium listed company or a UK REIT. Background As you are aware, in January 2013 the Company and Metric Property Investments plc merged by means of a scheme of arrangement (the “Merger”). Following the Merger, the Board, in conjunction with its professional advisers, has conducted a review of the form and nature of the business going forward and its listing status. The Board has concluded that the classification of the Company as a general commercial company is more appropriate than classification as a closed-ended investment fund. The period post-Merger has been dominated by a major repositioning of the portfolio with the Company transacting on over £1.1 billion of property. This repositioning has seen the Company reduce its exposure to the residential sector, regional offices and assets offering lower yields or limited asset management opportunities. The Company now sees more substantial asset management initiatives and short-cycle development as integral elements of its business strategy. The Company has always undertaken a degree of asset management and will commonly reconfigure or redevelop its properties, undertaking activities such as design, obtaining planning consents and permissions, managing the construction programme and letting process and the subsequent management of properties. It is intended that this element of the Company’s business will continue to increase incrementally as the Company grows.

4 LondonMetric Property Plc Notice of Annual General Meeting 2014 Indeed, since the Merger, the Company has undertaken various more significant asset management initiatives including a major refurbishment of its Carter Lane office building in Central London and the redevelopment of a former Post Office site on Berkhamsted High Street. On 1 April 2014, the Company announced one of the UK’s largest ever pre-let developments with construction due to commence shortly on the 1.06 million square foot retail distribution centre in Islip, Northamptonshire. In addition, the Company has various other potentially significant developments in the pipeline and will seek to recycle capital in its out-of town portfolio where value has been optimised and reinvest in opportunities with attractive asset management initiatives. Short cycle development will be an important component of the business going forward and would not fit with the closed ended investment fund status of a Chapter 15 listing. Accordingly, the Company’s structure is more typical of a commercial property company than a closed ended investment fund. As a company with a Chapter 6 listing does not require an investment policy, the Company is asking shareholders to approve the removal of the current investment policy as set out on page 86 of the Annual Report and Accounts which accompanies this document. The Company will instead pursue the business strategy set out on pages 8 and 9 of the Annual Report and Accounts, which is incorporated by reference into this document. Active asset management and short cycle development are integral parts of this business strategy, along with opportunistic acquisitions and joint ventures. The Board considers that the Company requires greater flexibility to adapt to market conditions through generating returns in property development as well as property acquisition. The Board also believes that having the flexibility to pursue new strategies and business ventures could be a key element of its ongoing success. If Resolution 24 is not passed, then the level of development currently proposed by the Board and its ability to pursue new strategies and business ventures may be restricted. Impact of a Chapter 6 Listing The key impact for shareholders of a change to a Chapter 6 listing is that under Chapter 15, a closed ended investment fund must invest and manage its assets in accordance with its investment policy and seek shareholder approval to any material alterations to that policy. Under Chapter 6, a company’s business strategy is set by its board of directors. However, a Chapter 15 company may enter into any transaction whatever the size that is permitted under its investment policy whereas under a Chapter 6 listing, the Company will be subject to the class tests set out in Chapter 10 of the Listing Rules which require that the Company make certain announcements to shareholders and, in the case of larger transactions, obtain shareholder approval before entering into such transactions. The Company will therefore have to seek shareholder approval if it intends to proceed with a transaction that results in any of the class tests delivering a result of 25 per cent. or more whether this transaction falls within or outside its business strategy. The class tests relevant for the Company are the Gross Assets test (which looks at the proportion that the acquisition or disposal comprises of the gross assets of the Company), the Rent test (which looks at the proportion of the net annual rent of the asset being acquired or disposed of makes up of the total net annual rent received by the Company), the Gross Capital test (which looks at the proportion that the gross capital of the asset comprises of the gross capital of the Company) and the Share Capital dilution test (where any of the consideration is shares of the Company, the proportion that those shares makes up of the Company’s equity shares). In addition, under Chapter 15, an investment fund must invest and manage its assets in a way which is consistent with spreading investment risk. It also must not conduct any trading activity, which is significant in the context of the company, which would restrict the Company’s ability to pursue the level of development activity currently proposed by the Board. It is also subject to certain investment restrictions such as not investing more than 10% of its total assets in other listed closed-ended investment funds. As a company listed under Chapter 6, the Company will no longer be subject to these requirements. The Board does not consider that this will disadvantage shareholders as the Company does not invest in listed closed-ended investment funds and the Board intends to continuing to be mindful of all forms of concentration risk when adjusting the Company’s portfolio. As a commercial company rather than a closed-ended investment fund with a defined investment policy, the Company would not need to comply with the Alternative Investment Fund Managers Directive 2011/61/EU (the “AIFMD”). The AIFMD, seeks to regulate certain alternative investment fund managers (“AIFM”) and prohibits such managers from managing any alternative investment fund or marketing shares in such funds to EU investors unless authorisation is granted to the AIFM. Requirements of the AIFMD include formal segregation of risk management from portfolio management, increased disclosure obligations on the Company, ensuring that the Company has an appropriately authorised institution acting as its “depositary” and obligations to maintain regulatory capital and certain insurance policies. Any such requirements would be likely to significantly increase the Company’s regulatory and compliance costs.

LondonMetric Property Plc Notice of Annual General Meeting 2014 5 Timetable If shareholders approve Resolution 24, then the transfer from a Chapter 15 listing to a Chapter 6 listing will take effect on 15 August 2014. Documents incorporated by reference The following document, which is being sent to shareholders with this document, contains information which is relevant to the proposed transfer to Chapter 6.

Document Section Page number Annual Report for the Investment Policy 86 financial year ended Business Strategy 8–9 31 March 2014 It should be noted that, except as set forth above, no other portion of the above document is incorporated by reference into this document. Recommendation The Board considers the Resolutions will promote the success of the Company and are in the best interests of the Company and its shareholders as a whole. The directors unanimously recommend that you vote in favour of the Resolutions as they intend to do in respect of their own beneficial holdings which amount in aggregate to 27,160,447 shares representing approximately 4.3 per cent of the existing issued ordinary share capital of the Company.

Yours sincerely

Patrick Vaughan Executive Chairman

6 LondonMetric Property Plc Notice of Annual General Meeting 2014 Directors’ biographies Patrick Vaughan – Executive Chairman Patrick has been involved in the UK property market since 1970. He was a co-founder and CEO of Arlington; of Pillar, and of London & Stamford, leading all three of the companies to successful listings on the FTSE main market. Upon completion of London & Stamford’s merger with Metric in January 2013, he was appointed Executive Chairman. Patrick also served as an Executive Director of 2005 to 2006, following its acquisition of Pillar. Andrew Jones – Chief Executive Andrew was a co-founder and CEO of Metric from its inception in March 2010 until its merger with London & Stamford in January 2013. On completion of the merger, Andrew became Chief Executive of LondonMetric. Andrew was previously Executive Director and Head of Retail at British Land. Andrew joined British Land in 2005 following the acquisition of Pillar and served on the main board with responsibilities for shopping centres, retail park investment and asset management. Andrew is a Non-Executive Director of The Unite Group Plc. Martin McGann – Finance Director Martin joined London & Stamford as Finance Director in September 2008 until its merger with Metric in January 2013, when he became Finance Director of LondonMetric. Between 2005 and 2008, Martin was a Director of Kandahar Real Estate. From 2002 to 2005 Martin worked for Pillar, latterly as Finance Director. Prior to joining Pillar, Martin was Finance Director of the Strategic Rail Authority. Martin is a qualified chartered accountant, having trained and qualified with Deloitte. Valentine Beresford – Investment Director Valentine was appointed Investment Director following the merger in January 2013 of Metric, of which he was a founder and Board member, and London & Stamford and joined the Board of LondonMetric on 3 June 2014. Prior to the setting up of Metric, Valentine was on the executive committee of British Land and was responsible for all British Land’s European retail/ leisure developments and investments. Valentine joined British Land in July 2005, following the acquisition of Pillar, where he served as Investment Director with responsibility for the Company’s out of town UK and European retail investment activities. Mark Stirling – Asset Director Mark Stirling was appointed Asset Management Director following the merger in January 2013 of Metric, of which he was a founder and Board member, and London & Stamford and joined the Board of LondonMetric on 3 June 2014. Prior to the setting up of Metric, Mark was on the Executive Committee of British Land and as Asset Management Director was responsible for the planning, development and asset management of the retail portfolio. Mark joined British Land in July 2005 following British Land’s acquisition of Pillar where he was Managing Director of Pillar Retail Parks Limited from 2002 until 2005. Charles Cayzer – Senior Independent Director Charles joined the Board of London & Stamford in July 2010. He has considerable experience of merchant banking, commercial banking and corporate and project finance from his career at Baring Brothers, Cayzer Irvine and Cayzer Limited and was appointed a Director of Caledonia Investments in 1985. Charles is also Chairman of The Cayzer Trust Company Ltd and The Sloane Club, and a Non-Executive Director of Eredene Capital and Quintain Estates & Development Plc. Humphrey Price – Chairman of Audit Committee Humphrey was Finance Director of Arlington from 1982 to 1992, he then became a Director of Pillar in 1991 and Finance Director from 1993 to 2004, resigning from the Board in 2005 upon its sale to British Land. He was a Director of London & Stamford from incorporation until April 2009 and was appointed to the Board of London & Stamford Property Plc as a Non-Executive Director in July 2010. Humphrey is a Non-Executive Director of Hansteen Holdings Plc and Chairman of their Audit Committee. Humphrey is a qualified Chartered Accountant. Andrew Varley – Member of Audit and Remuneration Committees Andrew joined the Board of Metric at the Company’s inception in March 2010. He was, until recently, Group Property Director and an Executive Director of NEXT, with the responsibility for property, franchise, corporate responsibility and code of practice related issues. Andrew joined NEXT in 1985 and was appointed to its Board in 1990. His previous experience includes 12 years in retail and commercial property. From 1999 to 2007, Andrew was a non-executive member of the British Heart Foundation’s shops committee. Philip Watson – Remuneration and Nomination Committees Philip joined the Board of Metric at the Company’s inception in March 2010. He is the Chief Investment Officer of Mirabaud Investment Management Limited. Philip joined Hill Samuel in 1971 and then Robert Fleming in 1972 on the UK desk, where he worked as an investment analyst and fund manager. Philip left Robert Fleming in 1982 to found TWH Asset Management Limited (now Mirabaud Investment Management Limited) in which he and his partners sold a controlling interest to Mirabaud Pereire Holdings Limited in 1991.

LondonMetric Property Plc Notice of Annual General Meeting 2014 7 Alec Pelmore – Member of Audit and Nomination Committees Alec joined the Board of Metric at the Company’s inception in March 2010. He has been a member of the supervisory board of Unibail-Rodamco SE, one of Europe’s largest property companies, since 2008 and is currently a member of its Audit Committee. Alec held positions as an equity investment analyst specialising in property companies from 1981 to 2007. The majority of his career as an investment analyst was spent at Dresdner Kleinwort Benson and Merrill Lynch, where his teams were voted number one for property in Europe by the Institutional Investor European Property Research Survey for 12 out of 13 years from 1995 to 2007. Rosalyn Wilton – Member of Audit Committee Rosalyn was appointed to the Board of LondonMetric in March 2014. She is a Non-Executive Director of Axa UK Ltd where she acts as Chairman of the Risk Committee and of Optos Plc where she Chairs the Remuneration Committee. Until 2009, she was Chairman of Ipreo Holdings LLC, the US-based financial data and solutions group formed following the merger of i Deal LLC and Hemscott Group Ltd. Before the merger, Rosalyn was Chief Executive Officer of Hemscott plc. Prior to this, she worked for Reuters Group leaving the Company as Managing Director, Reuters Information in 1999. Rosalyn has held Non-Executive Directorship positions with Scottish Widows and the London International Financial Futures Exchange. She has previously served as a Senior Advisor to 3i Investments and Providence Equity Partners. James Dean – Chairman of Remuneration Committee James was appointed to the Board of London & Stamford in July 2010. He is a Chartered Surveyor and has worked with plc since 1973, serving as a director from 1988 to 1999. James is a non executive director of Branston Holdings Ltd and Chairman of Pearlcrown Ltd, London & Lincoln Properties Ltd and Patrick Dean Ltd.

8 LondonMetric Property Plc Notice of Annual General Meeting 2014 Notice of Annual General Meeting

LONDONMETRIC PROPERTY PLC Notice is hereby given that the Annual General Meeting of the members of LondonMetric Property Plc (Registered number 7124797) will be held at The Connaught, Carlos Place, Mayfair, London W1K 2AL on 17 July 2014 at 10.00 a.m. Resolutions 1 to 20 inclusive will be proposed as ordinary resolutions and resolutions 21 to 24 inclusive will be proposed as special resolutions. 1. That the Annual Report and Audited Financial Statements for the year ended 31 March 2014 be considered and approved. 2. That the Remuneration Committee Report (other than the part containing the Remuneration Policy) in the form set out in the Annual Report and Audited Financial Statements for the year ended 31 March 2014 be approved. 3. That the Remuneration Policy in the form set out in the Remuneration Committee Report in the Annual Report and Audited Financial Statements for the year ended 31 March 2014 be approved. 4. That the final dividend for the year to 31 March 2014 of 3.5p per share be declared payable on 21 July 2014 to all ordinary shareholders who were on the register of members at close of business on 13 June 2014. 5. That Deloitte LLP be reappointed as auditors of the Company, to hold office until the conclusion of the next general meeting at which accounts are laid before the Company. 6. That the Directors be authorised to determine the remuneration of the auditors. 7. That Patrick Vaughan be re-elected as a Director. 8. That Andrew Jones be re-elected as a Director. 9. That Martin McGann be re-elected as a Director. 10. That Charles Cayzer be re-elected as a Director. 11. That James Dean be re-elected as a Director. 12. That Alec Pelmore be re-elected as a Director. 13. That Humphrey Price be re-elected as a Director. 14. That Andrew Varley be re-elected as a Director. 15. That Philip Watson be re-elected as a Director. 16. That Rosalyn Wilton be re-elected as a Director. 17. That Valentine Beresford be re-elected as a Director. 18. That Mark Stirling be re-elected as a Director. 19. That the level of fees payable to the Directors as set out in article 88 of the Company’s Articles of Association be increased from £500,000 per annum to £1 million per annum. 20. That the Directors be and they are hereby generally and unconditionally authorised in accordance with Section 551 of the Companies Act 2006 (the “2006 Act”) in substitution for all existing authorities: a. to exercise all the powers of the Company to allot shares and to make offers or agreements to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company (together “relevant securities”) up to an aggregate nominal amount of £20,934,797; and b. to exercise all the powers of the Company to allot equity securities (within the meaning of Section 560 of the 2006 Act) up to an additional aggregate nominal amount of £20,934,797 provided that this authority may only be used in connection with a rights issue in favour of holders of ordinary shares and other persons entitled to participate therein where the equity securities respectively attributable to the interests of all those persons at such record dates as the Directors may determine are proportionate (as nearly as may be) to the respective numbers of equity securities held or deemed to be held by them or are otherwise allotted in accordance with the rights attaching to such equity securities subject to such exclusions or other arrangements as the Directors may consider necessary or expedient to deal with fractional entitlements or legal difficulties under the laws of any territory or the requirements of a regulatory body or stock exchange or by virtue of shares being represented by depositary receipts or any other matter whatsoever, provided that the authorities in paragraph (a) and (b) of this resolution shall expire at the conclusion of the next Annual General Meeting of the Company after the passing of this resolution or if earlier on the date which is 15 months after the date of this Annual General Meeting, except that the Company may before such expiry make an offer or agreement which would or might require Relevant Securities or equity securities as the case may be to be allotted after such expiry and the Directors may allot Relevant Securities or equity securities in pursuance of any such offer or agreement as if the authority in question had not expired.

LondonMetric Property Plc Notice of Annual General Meeting 2014 9 21. That the Directors be and are hereby empowered, in accordance with Sections 570 and 573 of the 2006 Act, to allot equity securities (as defined in Section 560(1) of the 2006 Act) for cash pursuant to the authority conferred by resolution 20 above or by way of a sale of treasury shares as if Section 561(1) of the 2006 Act did not apply to any such allotment, provided that this power shall be limited to: a. the allotment of equity securities in connection with a rights issue or other pro rata offer (but in the case of the authority conferred by resolution 20(b) by way of a rights issue only) in favour of holders of ordinary shares and other persons entitled to participate therein where the equity securities respectively attributable to the interests of all those persons at such record dates as the Directors may determine are proportionate (as nearly as may be) to the respective numbers of equity securities held or deemed to be held by them or are otherwise allotted in accordance with the rights attaching to such equity securities subject in each case to such exclusions or other arrangements as the Directors may consider necessary or expedient to deal with fractional entitlements or legal difficulties under the laws of any territory or the requirements of a regulatory body or stock exchange or by virtue of shares being represented by depositary receipts or any other matter whatsoever; b. and the allotment (otherwise than pursuant to paragraph (a) of this resolution above) of equity securities up to an aggregate nominal amount of £3,140,220; and shall expire upon the expiry of the general authority conferred by resolution 20 above, except that the Company may make an offer or agreement before this power expires which would or might require equity securities to be allotted and/or shares held by the Company in treasury to be sold or transferred after such expiry and the Directors may allot equity securities and/or sell or transfer shares held by the Company in treasury in pursuance of such offer or agreement as if the power conferred by this resolution had not expired. 22. That the Company be and is hereby generally and unconditionally authorised, in accordance with Section 701 of the 2006 Act, to make market purchases (within the meaning of Section 693(4) of the 2006 Act) of ordinary shares of 10p each in the capital of the Company (“ordinary shares”) on such terms and in such manner as the Directors may from time to time determine provided that: a. the maximum number of ordinary shares authorised to be purchased is 62,804,391; b. the minimum price which may be paid for an ordinary share is 10p being the nominal amount thereof (exclusive of expenses payable by the Company); c. the maximum price which may be paid for an ordinary share (exclusive of expenses payable by the Company) cannot be more than the higher of: (i) 105% of the average market value of an ordinary share for the five business days prior to the day on which the ordinary share is contracted to be purchased; and (ii) the value of an ordinary share calculated on the basis of the higher of: A. the last independent trade of; or B. the highest current independent bid for, any number of ordinary shares on the trading venue where the market purchase by the Company will be carried out; and the authority conferred shall expire at the conclusion of the next Annual General Meeting of the Company except that the Company may before such expiry make a contract to purchase its own shares which will or may be completed or executed wholly or partly after such expiry. 23. That the Company is authorised to call any general meeting of the Company other than the Annual General Meeting by notice of at least 14 clear days’ during the period beginning on the date of the passing of this resolution and ending on the conclusion of the next Annual General Meeting of the Company. 24. That, in accordance with Listing Rule 5.4A.4, the Company is authorised to transfer its category of listing on the Official List of the United Kingdom Listing Authority and on the main market of London Stock Exchange plc in respect of the whole of its issued share capital from a premium listing (investment company) to a premium listing (commercial company) and to remove its current investment policy and instead to pursue the business strategy set out in the annual report sent to shareholders on or around the date of this Notice and the Directors be and are hereby authorised to do and/or procure to be done all such acts or things as they may consider necessary or desirable in connection therewith.

By order of the Board

Jadzia Duzniak Company Secretary 18 June 2014

10 LondonMetric Property Plc Notice of Annual General Meeting 2014 Notes to Annual General Meeting Notice: (i) Shareholders entitled to attend and vote at the meeting may appoint one or more proxies (who need not be shareholders) to attend and vote on their behalf, provided that each proxy is appointed to exercise the rights attaching to the different shares held by him or her. (ii) Your proxy could be the Chairman, another Director of the Company or another person who has agreed to attend to represent you. Your proxy will vote as you instruct and must attend the meeting for your vote to be counted. Details of how to appoint the Chairman or another person as your proxy using the proxy form are set out in the notes to the proxy form. (iii) Any person to whom this notice is sent who is a person nominated under Section 146 of the 2006 Act to enjoy information rights (a “Nominated Person”) may, under an agreement between him/her and the shareholder by whom he/she was nominated, have a right to be appointed (or to have someone else appointed) as a proxy for the General Meeting. If a Nominated Person has no such proxy appointment right, or does not wish to exercise it, he/she may, under any such agreement, have a right to give instructions to the shareholder as to the exercise of voting rights. The statement of rights of shareholders in relation to the appointment of proxies in paragraph (i) above does not apply to Nominated Persons. The rights described in that paragraph can only be exercised by shareholders of the Company. (iv) To have the right to attend and vote at the meeting you must hold ordinary shares in the Company and your name must be entered on the share register of the Company in accordance with note (vi) below. (v) To be valid, Forms of Proxy (and the power of attorney or other authority, if any, under which it is signed or a notarially certified copy thereof) must be received by Capita Asset Services at PXS1, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4ZF as soon as possible but, in any event, so as to arrive no later than 10 am on 15 July 2014. A Form of Proxy accompanies this notice. Completion and return of a Form of Proxy will not preclude members from attending and voting at the meeting should they wish to do so. Where you have appointed a proxy using the hard copy proxy form and would like to change the instructions using another hard copy proxy form, please contact Capita Asset Services at PXS1, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4ZF. The deadline for receipt of proxy appointments (see above) also applies in relation to amended instructions. Any attempt to terminate or amend a proxy appointment received after the relevant deadline will be disregarded. Where two or more valid separate appointments of proxy are received in respect of the same share in respect of the same meeting, the one which is last sent shall be treated as replacing and revoking the other or others. (vi) The time by which a person must be entered on the register of members in order to have the right to attend or vote at the meeting is 6 pm on 15 July 2014. If the meeting is adjourned, the time by which a person must be entered on the register of members in order to have the right to attend or vote at the adjourned meeting is 6 pm on the day that is two days before the date fixed for the adjourned meeting. Changes to entries on the register of members after such times shall be disregarded in determining the rights of any person to attend or vote at the meeting. (vii) CREST members who wish to appoint a proxy or proxies by utilising the CREST electronic proxy appointment service may do so by utilising the procedures described in the CREST Manual. CREST Personal Members or other CREST sponsored members, and those CREST members who have appointed a voting service provider(s), should refer to their CREST sponsor or voting service provider(s), who will be able to take the appropriate action on their behalf. (viii) In order for a proxy appointment or instruction made by means of CREST to be valid, the appropriate CREST message (a “CREST Proxy Instruction”) must be properly authenticated in accordance with Euroclear UK & Ireland’s specifications and must contain the information required for such instructions, as described in the CREST Manual. The message, regardless of whether it constitutes the appointment of a proxy or an amendment to the instruction given to a previously appointed proxy, must, in order to be valid, be transmitted so as to be received by the issuer’s agent (ID number RA10) by 10 am on 15 July 2014. For this purpose, the time of receipt will be taken to be the time (as determined by the timestamp applied to the message by the CREST Applications Host) from which the issuer’s agent is able to retrieve the message by enquiry to CREST in the manner prescribed by CREST. (ix) The Company may treat as invalid a CREST Proxy Instruction in the circumstances set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations 2001. (x) CREST members and, where applicable, their CREST sponsors or voting service providers should note that Euroclear UK & Ireland does not make available special procedures in CREST for any particular messages. Normal system timings and limitations will therefore apply in relation to the input of CREST Proxy Instructions. It is the responsibility of the CREST member concerned to take (or, if the CREST member is a CREST personal member or sponsored member or has appointed a voting service provider(s), to procure that his or her CREST sponsor or voting service provider(s) take(s)) such action as shall be necessary to ensure that a message is transmitted by means of the CREST system by any particular time. In this connection, CREST members and, where applicable, their CREST sponsors or voting system providers are referred, in particular, to those sections of the CREST Manual concerning practical limitations of the CREST system and timings. (xi) Any corporation which is a member can appoint one or more corporate representatives who may exercise on its behalf all of its powers as a member provided that they do not do so in relation to the same shares.

LondonMetric Property Plc Notice of Annual General Meeting 2014 11 (xii) You may not use any electronic address provided either in this notice of Annual General Meeting or any related documents (including the form of proxy) to communicate with the Company for any purposes other than those expressly stated. (xiii) As at 16 June 2014 (being the closest practical business day before the publication of this Notice), the Company’s issued share capital consisted of 628,043,905 ordinary shares carrying one vote each. (xiv) Members satisfying the thresholds in Section 527 of the 2006 Act can require the Company to publish a statement on its website setting out any matter relating to: a. the audit of the Company’s accounts (including the auditor’s report and the conduct of the audit) that are to be laid before the meeting; or b. any circumstances connected with an auditor of the Company ceasing to hold office since the last Annual General Meeting, that the members propose to raise at the meeting. The Company cannot require the members requesting the publication to pay its expenses. Any statement placed on the website must also be sent to the Company’s auditors no later than the time it makes its statement available on the website. The business which may be dealt with at the meeting includes any statement that the Company has been required to publish on its website. (xv) Any member attending the meeting has the right to ask questions. The Company must cause to be answered any such question relating to the business being dealt with at the meeting but no such answer need be given if: a. to do so would interfere unduly with the preparation for the meeting or involve the disclosure of confidential information; b. the answer has already been given on a website in the form of an answer to a question; or c. it is undesirable in the interests of the Company or the good order of the meeting that the question be answered. (xvi) A copy of this notice, and other information required by Section 311A of the 2006 Act, can be found at www.londonmetric.com. (xvii) The following documents are available for inspection at the registered office of the Company during normal business hours on each weekday (public holidays excluded) from the date of this notice until the conclusion of the Annual General Meeting and at the place of the Annual General Meeting for 15 minutes prior to and during the meeting: a. copies of the Executive Directors’ service contracts with the Company; and b. copies of letters of appointment of Non-Executive Directors.

12 LondonMetric Property Plc Notice of Annual General Meeting 2014