The Vanguard Group's Disclosure on Dowlais Group plc

The Vanguard Group, Inc. has filed a Form 8.3 public disclosure regarding its interests in Dowlais Group plc. This disclosure details their position in the relevant securities, adhering to Rule 8.3 of the UK Takeover Code. As of November 13, 2025, Vanguard reports holding 72,425,870 of Dowlais Group's 1p ordinary shares, representing 5.50% of the total share class.

The filing also mentions dealings involving another company, American Axle & Manufacturing Holdings, Inc. Additionally, the report outlines a recent sale of 12,074 securities at 0.84 GBP per unit. There are no disclosed indemnity agreements or derivatives arrangements connected with this transaction.

Vanguard's disclosure reflects compliance with regulatory requirements, ensuring transparency in takeover situations, though the company confirms “none” for any agreements related to voting rights or future acquisitions.