The Vanguard Group's Disclosure on Dowlais Group plc

The Vanguard Group, Inc. has issued a disclosure under Rule 8.3 of the Takeover Code concerning its interests in Dowlais Group plc. As of August 13, 2025, The Vanguard Group owns 72,680,294 ordinary shares in Dowlais, representing a 5.52% stake. The disclosure also includes dealings with American Axle & Manufacturing Holdings, Inc.

The group disclosed a recent purchase of 74,423 of Dowlais Group's ordinary shares at a price of 0.78 GBP per unit. No stock-settled derivative positions or rights to subscribe for new securities have been reported. Furthermore, The Vanguard Group confirmed the absence of any indemnity, option arrangements, or formal agreements regarding these securities.