BRIEF

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

The Vanguard Group's Position on American Axle & Manufacturing

The Vanguard Group, Inc. recently disclosed its position in American Axle & Manufacturing Holdings, Inc., under Form 8.3, as per the Takeover Code. The disclosure outlines Vanguard's interest in securities representing 1% or more of the relevant securities.

As of July 14, 2025, Vanguard holds 9,814,757 USD 0.01 common shares, representing an 8.35% stake in American Axle. Within the disclosed positioning, Vanguard also reported purchases of 4,872 shares at a price of $4.82 per unit and sales of 891 shares at the same price.

Notably, Vanguard reported no cash-settled derivatives or stock-settled derivatives such as options related to American Axle, showcasing a straightforward equity position. Additionally, there are no indemnity or other dealing arrangements connected to these securities, nor any voting rights agreements involving derivatives.

R. H.

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