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The Vanguard Group Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has disclosed its position in Dowlais Group plc as of October 30, 2025, in line with Rule 8.3 of the Takeover Code. Vanguard holds a 5.51% interest in Dowlais, owning 72,613,292 ordinary shares. The financial group has not reported positions in cash-settled or stock-settled derivatives related to Dowlais.

Vanguard also discloses dealings concerning American Axle & Manufacturing Holdings, Inc. Within the reported period, Vanguard purchased 40,595 shares of Dowlais at a price of 0.84 GBP per unit. There are no indemnity agreements related to these securities. Additionally, there are no agreements concerning the voting rights of options or derivatives.

The disclosure was made on October 31, 2025, with Shawn Acker listed as the contact person for further inquiries.

R. P.

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