BRIEF

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

The Vanguard Group, Inc.: Balanced Commercial Property Trust Limited

The Vanguard Group, Inc. has disclosed its position in Balanced Commercial Property Trust Limited under Rule 8.3 of the Takeover Code. As of September 12, 2024, Vanguard holds 4.40% of the ordinary shares in the trust, amounting to 30,898,436 shares.

No relevant agreements or understandings involving options or derivatives have been executed. Additionally, there are no indemnity agreements or informal arrangements related to the relevant securities. A minor sale of 1,188 shares at 0.95 GBP per unit was reported.

This disclosure provides transparency about Vanguard's position in Balanced Commercial Property Trust Limited and contributes to market integrity.

R. H.

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