Vanguard's Position Disclosure in Dowlais Group

The Vanguard Group, Inc. has disclosed its investment position in Dowlais Group plc under Rule 8.3 of the Takeover Code. As of June 20, 2025, Vanguard holds 72,562,548 shares, representing 5.51% of the ordinary shares of Dowlais Group. This significant stake mandates disclosure as stipulated in the Code of conduct for acquisitions.

In addition, Vanguard has engaged in securities transactions involving Dowlais Group, specifically the sale of 1,019,794 ordinary shares at 0.67 GBP per unit. The details regarding cash-settled and stock-settled derivatives remain undisclosed, indicating no current activities in these areas.

American Axle & Manufacturing Holdings, Inc. is also involved, suggesting possible strategic interests or transactions between the entities. No formal agreements or derivative-related arrangements have been reported.