Londonmetric Property Plc Notice of Annual General Meeting Transfer Of

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 United Kingdom 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, London 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).

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