BRIEF

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

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

The Vanguard Group, Inc. has made a Form 8.3 public disclosure concerning its interests in Balanced Commercial Property Trust Limited, in accordance with Rule 8.3 of the Takeover Code. The disclosure was filed on 9 August 2024.

The disclosure details Vanguard's interests and short positions in relevant securities of Balanced Commercial Property Trust Limited, with a total of 30,579,789 ordinary shares representing a 4.36% interest. Additionally, a sale of 10,989 ordinary shares at a price of 0.85 GBP per unit was reported.

No indemnity or other dealing arrangements were noted, and there are no agreements, arrangements, or understandings relating to options or derivatives in this disclosure. A Supplemental Form 8 (Open Positions) was not attached.

The disclosure provides transparency into Vanguard's stake and activities in relation to Balanced Commercial Property Trust Limited, maintaining adherence to regulatory requirements.

R. E.

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