The Vanguard Group Discloses Position in Dowlais Group plc

On January 16, 2026, The Vanguard Group, Inc. disclosed its position in Dowlais Group plc under Form 8.3. The disclosure adheres to Rule 8.3 of the Takeover Code. The primary focus is on relevant securities representing 1% or more. As of January 15, 2026, Vanguard held a 5.53% interest in Dowlais Group, owning 72,764,715 1p ordinary shares.

Additionally, Vanguard disclosed engagement with American Axle & Manufacturing Holdings, Inc., linked to the Dowlais offer. Recent activity includes the sale of 924 ordinary shares at 0.94 GBP each. No new securities or derivatives positions were established, and no indemnity agreements were reported.

The document confirms no other dealings, derivative transactions, or arrangements affecting voting rights. No supplemental forms were attached to this disclosure.