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Form 8.3

businesswire.com

LONDON--( BUSINESS WIRE)--

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:

Millennium International Management LP

(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

American Axle & Manufacturing Holdings, Inc.

(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

25 th November 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, Dowlais Group plc

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:

USD 0.01 common (US0240611030)

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

4,246,658

0.536%

641,567

0.081%

(2) Cash-settled derivatives:

1,138

0.000%

4,586,827

0.579%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

-

-

-

-

TOTAL:

4,247,796

0.536%

5,228,394

0.660%

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 (USD)

US0240611030

Sale

2,126

6.39

US0240611031

Sale

2,002

6.38

US0240611032

Purchase

33,429

6.40

US0240611033

Purchase

23,268

6.39

US0240611034

Purchase

24,058

6.37

US0240611035

Purchase

15,451

6.41

US0240611036

Purchase

2,246

6.31

US0240611037

Purchase

6,400

6.42

US0240611038

Purchase

5,339

6.30

US0240611039

Purchase

900

6.35

US0240611040

Purchase

940

6.32

US0240611041

Purchase

19,049

6.38

US0240611042

Sale

487

6.38

US0240611043

Purchase

16,687

6.36

US0240611044

Purchase

1,560

6.33

US0240611045

Purchase

231

6.34

US0240611046

Purchase

300

6.29

US0240611047

Purchase

21,455

6.40

US0240611048

Purchase

47,346

6.39

US0240611049

Purchase

42,601

6.37

US0240611050

Purchase

5,994

6.41

US0240611051

Purchase

100

6.31

US0240611052

Purchase

8,346

6.42

US0240611053

Purchase

100

6.30

US0240611054

Purchase

337

6.35

US0240611055

Purchase

590

6.32

US0240611056

Purchase

27,482

6.38

US0240611057

Sale

1,800

6.38

US0240611058

Purchase

1,563

6.36

US0240611059

Purchase

600

6.33

US0240611060

Purchase

626

6.29

US0240611061

Purchase

783

6.40

US0240611062

Sale

2,281

6.40

US0240611063

Purchase

1,042

6.39

US0240611064

Sale

21

6.39

US0240611065

Purchase

1,069

6.37

US0240611066

Sale

967

6.37

US0240611067

Purchase

679

6.41

US0240611068

Sale

890

6.31

US0240611069

Purchase

188

6.42

US0240611070

Sale

1,900

6.30

US0240611071

Purchase

77

6.35

US0240611072

Sale

136

6.32

US0240611073

Purchase

2,973

6.38

US0240611074

Sale

2,295

6.38

US0240611075

Purchase

62

6.36

US0240611076

Purchase

157

6.33

US0240611077

Sale

759

6.33

US0240611078

Purchase

268

6.29

US0240611079

Sale

950

6.29

US0240611080

Sale

100

6.28

US0240611081

Purchase

5,692

6.40

US0240611082

Sale

13

6.40

US0240611083

Purchase

1,875

6.39

US0240611084

Purchase

5,889

6.37

US0240611085

Sale

7

6.37

US0240611086

Purchase

2,609

6.41

US0240611087

Sale

20

6.31

US0240611088

Purchase

1,302

6.42

US0240611089

Purchase

3,698

6.38

US0240611090

Sale

33

6.38

US0240611091

Sale

1

6.33

US0240611092

Purchase

1,308

6.40

US0240611093

Purchase

345

6.39

US0240611094

Purchase

1,506

6.37

US0240611095

Sale

76

6.37

US0240611096

Purchase

375

6.35

US0240611097

Purchase

14,800

6.38

(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

US0240611097

Equity Swap

Opening a Long Position

1,138

6.38 USD

(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:

26 th November 2025

Contact name:

Stephen Glasper

Telephone number:

+44 203 398 2166

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. 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.