The Vanguard Group, Inc. Discloses Position in Dowlais Group plc

On November 4, 2025, The Vanguard Group, Inc. published a Form 8.3 disclosure regarding its position in Dowlais Group plc. As per Rule 8.3 of the Takeover Code, this disclosure is mandated when an entity holds an interest of 1% or more in relevant securities. Vanguard reported owning 72,576,140 shares, equivalent to a 5.51% stake in the company.

The disclosure also includes dealings in Dowlais' 1p ordinary shares. Vanguard purchased 5,668 shares at 0.83 GBP and sold 74,198 shares at the same price. Additionally, Vanguard is making disclosures concerning American Axle & Manufacturing Holdings, Inc., further adding context to its investment strategy in the sector.

No indemnity, option, or other significant arrangements are reported in this disclosure. The document does not include any supplemental attachments detailing open positions or additional agreements.