Vanguard Group Discloses Stake in Dowlais Group plc

The Vanguard Group, Inc. has disclosed its stake in Dowlais Group plc, as per the Form 8.3 filed on October 15, 2025. Vanguard, holding interests in relevant securities exceeding 1%, revealed their positions as part of a regulatory requirement by the Takeover Code. On October 14, 2025, Vanguard reported owning 72,572,169 ordinary 1p shares, representing 5.51% of Dowlais Group's relevant securities.

Vanguard participated in trading activities, purchasing 11,320 ordinary shares at 0.77 GBP each and selling 27,695 shares at the same price. No cash or stock-settled derivatives or other dealing arrangements were disclosed. There are no indemnity or option agreements related to this disclosure.

Vanguard's disclosure does not include any supplemental forms or arrangements affecting future acquisition or disposal of securities.