The Vanguard Group, Inc. Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has made a public disclosure of its interests in Dowlais Group plc, as part of a Form 8.3 filing under Rule 8.3 of the Takeover Code. The disclosure was made on April 10, 2025, pertaining to positions held on April 9, 2025.

Vanguard holds 73,020,950 ordinary shares in Dowlais, representing 5.43% of the company's relevant securities. Transactions include the purchase of 28,635 and 5,194 shares at £0.51 and £0.55 respectively, and a sale of 30,468 shares at £0.55 per unit. No cash-settled or stock-settled derivatives dealings have been reported.

The disclosure notes that Vanguard is also making disclosures concerning American Axle & Manufacturing Holdings, Inc. No indemnities, options, agreements, or understandings relating to relevant securities have been entered into by Vanguard with any parties to the offer.