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

The Vanguard Group Discloses Significant Stake in Dowlais Group plc

The Vanguard Group, Inc. has submitted a Form 8.3 detailing its interests in Dowlais Group plc. This submission is in compliance with Rule 8.3 of the Takeover Code. The disclosure, dated 25 November 2025, reveals that Vanguard holds a notable position in Dowlais Group.

The document lists Vanguard controlling over 72 million ordinary shares, representing 5.49% of Dowlais Group's total share capital. Additionally, the disclosure notes transactions involving the purchase and sale of 1p ordinary shares on 24 November 2025 at 0.83 GBP per unit.

Vanguard also indicates involvement with American Axle & Manufacturing Holdings, Inc. No existing indemnity, option arrangements, or understandings regarding the securities were reported in the disclosure.

R. P.

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