BRIEF

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

The Vanguard Group's Disclosure on Dundee Precious Metals

The Vanguard Group, Inc. has released Form 8.3, revealing its interests and dealings concerning Dundee Precious Metals Inc. As of May 21, 2025, Vanguard holds 155,839 common shares, representing 0.09% of these securities. The disclosure complies with Rule 8.3 of the Takeover Code, which applies when ownership equals or exceeds 1%.

Dundee Precious Metals is currently under scrutiny, given Vanguard's disclosure. Additionally, Vanguard has made related disclosures concerning Adriatic Metals plc. The document specifies that no other arrangements or agreements concerning securities, derivatives, or options exist with Dundee Precious Metals.

The disclosure's intent is transparency, ensuring that relevant securities dealings align with regulatory requisites. While no other transactions or agreements were reported, this disclosure highlights the level of scrutiny involved in financial securities management.

R. E.

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