BRIEF

on The Vanguard Group, Inc. (isin : US12572Q1058)

Vanguard Group's Disclosure of Stake in American Axle & Manufacturing

The Vanguard Group, Inc. submitted a Form 8.3 on 17 April 2025, revealing its position in American Axle & Manufacturing Holdings, Inc. This disclosure is part of compliance with Rule 8.3 of the Takeover Code, which mandates announcements when someone has interests in 1% or more of relevant securities in a company under offer.

As of 16 April 2025, Vanguard holds 11.27% of American Axle's common shares, totaling 13,245,955 units. This ownership highlights Vanguard's significant stake in the automotive parts manufacturer. During this period, Vanguard transacted 5,115 common shares at $3.22 each, while selling 47,133 shares at the same price.

Vanguard's disclosure confirms no participation in cash-settled or stock-settled derivatives related to American Axle's securities. Additionally, no agreements or indemnities exist that could influence dealings with these securities. There are no further open positions requiring disclosure.

R. H.

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