<div id="readability-page-1"><div>RNS Number : 2965M Barclays PLC 19 December 2025 <div><table><tbody><tr><td colspan="8">FORM 8.5 (EPT/NON-RI)</td></tr><tr><td colspan="8">PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN</td></tr><tr><td colspan="8">EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (&#34;RI&#34;) STATUS</td></tr><tr><td colspan="8">(OR WHERE RI STATUS IS NOT APPLICABLE)</td></tr><tr><td colspan="8">Rule 8.5 of the Takeover Code (the &#34;Code&#34;)</td></tr><tr><td colspan="4">1.</td><td colspan="4">KEY INFORMATION</td></tr><tr><td>(a)</td><td colspan="3">Name of exempt principal trader:</td><td></td><td colspan="3">BARCLAYS CAPITAL SECURITIES LTD</td></tr><tr><td>(b)</td><td colspan="3">Name of offeror/offeree in relation to whose</td><td></td><td colspan="3" rowspan="2">DOWLAIS GROUP PLC</td></tr><tr><td></td><td colspan="3">relevant securities this form relates:</td><td></td></tr><tr><td>(c)</td><td colspan="4">Name of the party to the offer with which exempt</td><td colspan="3" rowspan="2">DOWLAIS GROUP PLC</td></tr><tr><td></td><td colspan="2">principal trader is connected</td><td></td><td></td></tr><tr><td>(d)</td><td colspan="3">Date position held/dealing undertaken:</td><td></td><td colspan="3">18 Dec 2025</td></tr><tr><td>(e)</td><td colspan="4">In addition to the company in 1(b) above, is the exempt principal</td><td>YES:</td><td></td><td></td></tr><tr><td></td><td colspan="4">trader making disclosures in respect of any other party to the offer?</td><td colspan="2">AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC.</td><td></td></tr><tr><td colspan="4">2.</td><td colspan="4">POSITIONS OF THE EXEMPT PRINCIPAL TRADER</td></tr><tr><td>(a)</td><td colspan="6">Interests and short positions in the relevant securities of the offeror or offeree</td><td></td></tr><tr><td></td><td colspan="6">to which the disclosure relates following the dealing (if any)</td><td></td></tr><tr><td colspan="4">Class of relevant security:</td><td colspan="4">1p ordinary</td></tr><tr><td colspan="4"></td><td colspan="2">Interests</td><td colspan="2">Short Positions</td></tr><tr><td colspan="4"></td><td>Number</td><td>(%)</td><td>Number</td><td>(%)</td></tr><tr><td>(1)</td><td colspan="3">Relevant securities owned</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>and/or controlled:</td><td></td><td></td><td>34,202,414</td><td>2.60%</td><td>1,133,645</td><td>0.09%</td></tr><tr><td>(2)</td><td colspan="3">Cash-settled derivatives:</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>and/or controlled:</td><td></td><td></td><td>402,043</td><td>0.03%</td><td>34,087,200</td><td>2.59%</td></tr><tr><td>(3)</td><td colspan="3">Stock-settled derivatives (including options)</td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>and agreements to purchase/sell:</td><td></td><td></td><td>0</td><td>0.00%</td><td>0</td><td>0.00%</td></tr><tr><td></td><td>TOTAL:</td><td></td><td></td><td>34,604,457</td><td>2.63%</td><td>35,220,845</td><td>2.68%</td></tr><tr><td>(b)</td><td colspan="6">Rights to subscribe for new securities (including directors and other executive</td><td></td></tr><tr><td></td><td>options)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="4">Class of relevant security in relation to</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="4">which subscription right exists</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="4">Details, including nature of the rights</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="4">concerned and relevant percentages:</td><td></td><td></td><td></td><td></td></tr><tr><td colspan="4">3.</td><td colspan="4">DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER</td></tr><tr><td>(a)</td><td colspan="2">Purchases and sales</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Class of relevant</td><td colspan="2">Purchase/sale</td><td colspan="2">Total number of</td><td>Highest price per unit</td><td>Lowest price per unit</td></tr><tr><td colspan="2">security</td><td colspan="2"></td><td colspan="2">securities</td><td>paid/received</td><td>paid/received</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">Purchase</td><td colspan="2">863,988</td><td>0.8646 GBP</td><td>0.8446 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">Sale</td><td colspan="2">771,001</td><td>0.8605 GBP</td><td>0.8517 GBP</td></tr><tr><td>(b)</td><td colspan="6">Cash-settled derivative transactions</td><td></td></tr><tr><td colspan="2">Class of</td><td colspan="2">Product</td><td colspan="2">Nature of dealing</td><td>Number of</td><td>Price per</td></tr><tr><td colspan="2">relevant</td><td colspan="2">description</td><td colspan="2"></td><td>reference</td><td>unit</td></tr><tr><td colspan="2">security</td><td colspan="2"></td><td colspan="2"></td><td>securities</td><td></td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Decreasing Short</td><td>499</td><td>0.8459 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Decreasing Short</td><td>8,936</td><td>0.8489 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Decreasing Short</td><td>23,427</td><td>0.8492 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Decreasing Short</td><td>47,805</td><td>0.8535 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Decreasing Short</td><td>20,696</td><td>0.8605 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>153,073</td><td>0.8550 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>72,543</td><td>0.8568 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>2,420</td><td>0.8569 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>55,853</td><td>0.8572 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>81,933</td><td>0.8585 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>872</td><td>0.8590 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>169,043</td><td>0.8605 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>4,325</td><td>0.8630 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">SWAP</td><td colspan="2">Increasing Short</td><td>3,813</td><td>0.8660 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">CFD</td><td colspan="2">Decreasing Short</td><td>34,253</td><td>0.8559 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">CFD</td><td colspan="2">Opening Long</td><td>119,329</td><td>0.8604 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">CFD</td><td colspan="2">Decreasing Long</td><td>84,619</td><td>0.8446 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">CFD</td><td colspan="2">Decreasing Long</td><td>533</td><td>0.8560 GBP</td></tr><tr><td colspan="2">1p ordinary</td><td colspan="2">CFD</td><td colspan="2">Opening Short</td><td>68,963</td><td>0.8604 GBP</td></tr><tr><td>(c)</td><td colspan="6">Stock-settled derivative transactions (including options)</td><td></td></tr><tr><td>(i)</td><td colspan="6">Writing, selling, purchasing or varying</td><td></td></tr><tr><td>Class</td><td>Product</td><td>Writing,</td><td>Number</td><td>Exercise</td><td>Type</td><td>Expiry</td><td>Option</td></tr><tr><td>of</td><td>description</td><td>purchasing,</td><td>of</td><td>price</td><td></td><td>date</td><td>money</td></tr><tr><td>relevant</td><td></td><td>selling,</td><td>securities</td><td>per unit</td><td></td><td></td><td>paid/</td></tr><tr><td>security</td><td></td><td>varying etc</td><td>to which</td><td></td><td></td><td></td><td>received</td></tr><tr><td></td><td></td><td></td><td>option</td><td></td><td></td><td></td><td>per unit</td></tr><tr><td></td><td></td><td></td><td>relates</td><td></td><td></td><td></td><td></td></tr><tr><td>(ii)</td><td>Exercising</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="2">Class of relevant</td><td colspan="2">Product description</td><td colspan="2">Exercising/ exercised against</td><td>Number of</td><td>Exercise price per</td></tr><tr><td colspan="2">security</td><td colspan="2"></td><td colspan="2"></td><td>securities</td><td>unit</td></tr><tr><td colspan="2"></td><td colspan="2"></td><td colspan="2"></td><td></td><td></td></tr><tr><td>(d)</td><td colspan="6">Other dealings (including subscribing for new securities)</td><td></td></tr><tr><td colspan="2">Class of relevant</td><td colspan="2">Nature of Dealings</td><td colspan="2">Details</td><td colspan="2">Price per unit (if</td></tr><tr><td colspan="2">security</td><td colspan="2"></td><td colspan="2"></td><td colspan="2">applicable)</td></tr><tr><td colspan="2"></td><td colspan="2"></td><td colspan="2"></td><td colspan="2"></td></tr><tr><td colspan="4">4.</td><td colspan="4">OTHER INFORMATION</td></tr><tr><td>(a)</td><td colspan="6">Indemnity and other dealings arrangements</td><td></td></tr><tr><td colspan="6">Details of any indemnity or option arrangement, or any agreement or understanding,</td><td></td><td></td></tr><tr><td colspan="6">formal or informal, relating to relevant securities which may be an inducement to deal</td><td></td><td></td></tr><tr><td colspan="7">or refrain from dealing entered into by the exempt principal trader making the disclosure and any party</td><td></td></tr><tr><td colspan="5">to the offer or any person acting in concert with a party to the offer:</td><td></td><td></td><td></td></tr><tr><td colspan="8">NONE</td></tr><tr><td>(b)</td><td colspan="6">Agreements, arrangements or understandings relating to options or derivatives</td><td></td></tr><tr><td colspan="6">Details of any agreement, arrangement or understanding, formal or informal, between</td><td></td><td></td></tr><tr><td colspan="6">the exempt principal trader making the disclosure and any other person relating to:</td><td></td><td></td></tr><tr><td colspan="5">(i) the voting rights of any relevant securities under any option; or</td><td></td><td></td><td></td></tr><tr><td colspan="6">(ii) the voting rights of future acquisition or disposal of any relevant securities to which</td><td></td><td></td></tr><tr><td colspan="2">any derivative is referenced:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="8">NONE</td></tr><tr><td>(c)</td><td>Attachments</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td colspan="4">Is a Supplemental Form 8 (Open Positions) attached?</td><td colspan="4">NO</td></tr><tr><td colspan="4">Date of disclosure:</td><td colspan="4">19 Dec 2025</td></tr><tr><td colspan="4">Contact name:</td><td colspan="4">Large Holdings Regulatory Operations</td></tr><tr><td colspan="4">Telephone number:</td><td colspan="4">020 3134 7213</td></tr></tbody></table></div>This information is provided by RNS, the news service of the London Stock Exchange. 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FORM

BARC

Barclays Capital Securities Ltd has disclosed its position and dealings in Dowlais Group PLC's securities as per Rule 8.5 of the Takeover Code. The disclosure includes interests and short positions in Dowlais Group PLC and American Axle & Manufacturing Holdings, Inc. The report details various transactions, including purchases, sales, and derivative dealings, with specific numbers and prices. No indemnity or option arrangements were reported, and no supplemental form is attached.

REG - Barclays PLC Dowlais Group PLC - Form 8.5 EPT/Non RI DOWLAIS GROUP PLC