BRIEF

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

The Vanguard Group Discloses Position in Forward Industries Inc.

The Vanguard Group, Inc. has filed a Form 8.3 disclosure under the Irish Takeover Panel Act, noting its stake in Forward Industries Inc. As of July 15, 2026, Vanguard controls 3,531,420 $0.01 ordinary shares, representing a 4.79% interest in Forward Industries.

No additional disclosures are made regarding other parties involved in this offer, and no supplemental Form 8 has been attached. Vanguard has not engaged in any derivative transactions related to Forward Industries' securities. The recent transaction includes the purchase of 295 ordinary shares at a price of 4.29 USD per share.

There are no indemnity or option arrangements in place, and no agreements concerning voting rights or derivatives have been established, according to the disclosure.

R. E.

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