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The Vanguard Group's Stake in Dowlais Group plc: 8.3 Disclosure

The Vanguard Group, Inc. has released a Form 8.3 disclosure regarding their interest in Dowlais Group plc as of December 1, 2025. This document complies with Rule 8.3 of the Takeover Code, meant for persons with interests of 1% or more in relevant securities.

As of November 28, 2025, Vanguard disclosed owning 72,323,795 ordinary shares in Dowlais Group, which represents a 5.49% stake. Additionally, they are making disclosures about American Axle & Manufacturing Holdings, Inc., indicating wider strategic interests.

The disclosure notes a recent purchase of 8,514 ordinary shares at 0.85 GBP per unit. No open derivative positions or agreements affecting securities have been reported, emphasizing a straightforward equity position in Dowlais Group by Vanguard.

R. H.

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