The Vanguard Group's Disclosure on Dowlais Group Stake

The Vanguard Group, Inc. has disclosed its significant holding in Dowlais Group plc, revealing an ownership of 72,575,503 ordinary shares, equating to a 5.51% stake. This disclosure complies with Rule 8.3 of the Takeover Code, triggered when a party holds a 1% or more stake in relevant securities.

The disclosure, dated July 30, 2025, also mentions American Axle & Manufacturing Holdings, Inc. as a party Vanguard is making disclosures about. No indemnity or option arrangements are reported related to the securities, ensuring transparency in its dealings.

Additionally, the disclosure notes a recent purchase of 8,676 ordinary shares at 0.72 GBP each. Vanguard's transparency in positions and deals reflects its adherence to UK regulatory requirements.