Company Announcements

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)   Full name of discloser:	Man Group PLC
(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Dowlais Group plc
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e)   Date position held/dealing undertaken:         For an opening position disclosure, state the latest practicable date prior to the disclosure	12/08/2025
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?         If it is a cash offer or possible cash offer, state “N/A”	YES Offeror: American Axle & Manufacturing Holdings, Inc.

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1)   Relevant securities owned and/or controlled:
(2)   Cash-settled derivatives:	25,653,876	1.95
(3)   Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	25,653,876	1.95

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
1p ordinary	Equity Swap	Reducing a long position	4320	0.7714 GBP
1p ordinary	Equity Swap	Reducing a long position	12961	0.7773 GBP
1p ordinary	Equity Swap	Reducing a long position	1697	0.7781 GBP
1p ordinary	Equity Swap	Reducing a long position	2042	0.7777 GBP
1p ordinary	Equity Swap	Reducing a long position	8640	0.7790 GBP
1p ordinary	Equity Swap	Reducing a long position	6093	0.7782 GBP
1p ordinary	Equity Swap	Reducing a long position	16914	0.7777 GBP
1p ordinary	Equity Swap	Reducing a long position	50454	0.7782 GBP
1p ordinary	Equity Swap	Reducing a long position	71540	0.7790 GBP
1p ordinary	Equity Swap	Reducing a long position	14054	0.7781 GBP
1p ordinary	Equity Swap	Reducing a long position	107307	0.7773 GBP
1p ordinary	Equity Swap	Reducing a long position	35771	0.7714 GBP
1p ordinary	Equity Swap	Reducing a long position	4957	0.7790 GBP
1p ordinary	Equity Swap	Reducing a long position	3496	0.7782 GBP
1p ordinary	Equity Swap	Reducing a long position	1172	0.7777 GBP
1p ordinary	Equity Swap	Reducing a long position	973	0.7781 GBP
1p ordinary	Equity Swap	Reducing a long position	7436	0.7773 GBP
1p ordinary	Equity Swap	Reducing a long position	2478	0.7714 GBP
1p ordinary	Equity Swap	Reducing a long position	1244	0.7790 GBP
1p ordinary	Equity Swap	Reducing a long position	244	0.7781 GBP
1p ordinary	Equity Swap	Reducing a long position	877	0.7782 GBP
1p ordinary	Equity Swap	Reducing a long position	294	0.7777 GBP
1p ordinary	Equity Swap	Reducing a long position	1866	0.7773 GBP
1p ordinary	Equity Swap	Reducing a long position	622	0.7714 GBP
1p ordinary	Equity Swap	Reducing a long position	15333	0.7714 GBP
1p ordinary	Equity Swap	Reducing a long position	7250	0.7777 GBP
1p ordinary	Equity Swap	Reducing a long position	45999	0.7773 GBP
1p ordinary	Equity Swap	Reducing a long position	6024	0.7781 GBP
1p ordinary	Equity Swap	Reducing a long position	21628	0.7782 GBP
1p ordinary	Equity Swap	Reducing a long position	30666	0.7790 GBP
1p ordinary	Equity Swap	Reducing a long position	872	0.7714 GBP
1p ordinary	Equity Swap	Reducing a long position	2617	0.7773 GBP
1p ordinary	Equity Swap	Reducing a long position	342	0.7781 GBP
1p ordinary	Equity Swap	Reducing a long position	1744	0.7790 GBP
1p ordinary	Equity Swap	Reducing a long position	1230	0.7782 GBP
1p ordinary	Equity Swap	Reducing a long position	412	0.7777 GBP
1p ordinary	Equity Swap	Reducing a long position	12855	0.7790 GBP
1p ordinary	Equity Swap	Reducing a long position	9066	0.7782 GBP
1p ordinary	Equity Swap	Reducing a long position	2525	0.7781 GBP
1p ordinary	Equity Swap	Reducing a long position	19282	0.7773 GBP
1p ordinary	Equity Swap	Reducing a long position	3039	0.7777 GBP
1p ordinary	Equity Swap	Reducing a long position	6427	0.7714 GBP

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)   the voting rights of any relevant securities under any option; or (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	13/08/2025
Contact name:	James Carr
Telephone number:	+442071447242

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.