BRIEF

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

The Vanguard Group Discloses Position in Forward Industries

The Vanguard Group, Inc. filed a Form 8.3 under the Irish Takeover Panel rules, revealing its interest in Forward Industries Inc. As of June 16, 2026, Vanguard disclosed ownership of 1,559,145 ordinary shares, representing a 2.11% stake in Forward Industries. The disclosure is a requirement under the Irish Takeover Panel Act, 1997, for entities holding interests of 1% or more in relevant securities.

Vanguard's purchase comprised 414,466 shares at a price of 4.83 USD per share. There were no other dealings in cash-settled or stock-settled derivatives reported. The disclosure is focused solely on Forward Industries, with no interests or positions in any other parties to the offer.

No agreements, options, or other arrangements related to inducements or voting rights were reported. Additionally, no Supplemental Form 8 was attached, indicating completeness of current disclosures.

R. P.

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