The Vanguard Group Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has submitted a Form 8.3, disclosing its position in Dowlais Group plc. This form is required by Rule 8.3 of the UK Takeover Code for individuals or entities with interests in 1% or more of a company's relevant securities, showing transparency in substantial holdings during potential takeover scenarios.

The disclosure denotes Vanguard’s 5.49% holdings, equating to 72,276,491 ordinary shares in Dowlais Group plc. In recent transactions, Vanguard purchased 7,876 shares and sold 54,306 shares at a price of 0.82 GBP per share on 19 November 2025.

No additional derivative transactions, agreements, or inducements for dealing in relevant securities were noted. The disclosure also states inclusion of positions related to American Axle & Manufacturing Holdings, Inc.