Vanguard Group Discloses Position on Dowlais Group plc

The Vanguard Group, Inc. has published a Form 8.3 disclosure regarding its interest in Dowlais Group plc. As of August 14, 2025, Vanguard holds a 5.52% position in Dowlais, owning 72,690,430 ordinary shares. This position meets the threshold under Rule 8.3 of the Takeover Code, which mandates disclosure for interests representing 1% or more.

The report also mentions involvement with American Axle & Manufacturing Holdings, Inc. Through this disclosure, Vanguard confirms no outstanding stock-settled derivatives, rights, or formal agreements concerning these securities. A recent transaction shows a purchase of 10,136 shares at 0.78 GBP each.

No indemnity or voting agreements exist for these securities, and no Supplemental Form 8 is attached. The disclosure was made public on August 15, 2025.