BRIEF

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

The Vanguard Group Discloses Stake in Adriatic Metals plc

The Vanguard Group, Inc. has filed Form 8.3, revealing its interests in Adriatic Metals plc as of July 23, 2025. The disclosure complies with Rule 8.3 of the Takeover Code, which mandates transparency for entities with interests in relevant securities of 1% or more.

Vanguard currently holds 4,960,016 CHESS Depositary Interests, representing 1.44% of Adriatic Metals. Transactions disclosed include two purchases aggregating 108,656 securities at prices of 5.95 and 5.96 AUD per unit. No dealings in cash-settled or stock-settled derivatives were reported.

Additionally, Vanguard is involved with Dundee Precious Metals Inc. and confirms no indemnity or option arrangements in place. The company also states no agreements affecting voting rights related to options or derivatives exist. This disclosure helps maintain transparency in the securities market.

R. H.

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