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The Vanguard Group's Disclosure on Dowlais Group plc

The Vanguard Group, Inc. has released a Form 8.3 regarding its position in Dowlais Group plc. This disclosure, dated 11 September 2025, reveals that Vanguard holds a 5.54% interest in the Dowlais Group through relevant securities, amounting to 72,922,412 units. Additionally, a recent transaction involved the purchase of 13,870 securities at 0.79 GBP per unit.

An attachment of a Supplemental Form 8 is not included, indicating no open positions requiring additional disclosure. Furthermore, the form states there are no indemnity, option arrangements, or agreements related to the relevant securities of Dowlais Group plc or any other connected offeree or offeror.

Notably, Vanguard's interest also extends to American Axle & Manufacturing Holdings, Inc., alongside its stake in Dowlais Group plc. This denotes engagement in dealings regarding potential cash offers or equities.

R. H.

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