National Storage Mechanism | Additional information

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:	Citadel Group
(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.	N/A
(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:	N/A
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	2 May 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 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: Common Stock	ISIN GB00BMWRZ071 1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	68,669	0.00	184,456	0.01
(2) Cash-settled derivatives:	0	0.00	1,407,033	0.10
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	68,669	0.00	1,591,489	0.11

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:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

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
Common	Buy Transaction	466	0.5740 GBP
Common	Buy Transaction	2	0.5745 GBP
Common	Buy Transaction	37	0.5755 GBP
Common	Buy Transaction	897	0.5760 GBP
Common	Buy Transaction	235	0.5765 GBP
Common	Buy Transaction	2,988	0.5775 GBP
Common	Buy Transaction	3,771	0.5780 GBP
Common	Buy Transaction	12,093	0.5810 GBP
Common	Buy Transaction	1,595	0.5820 GBP
Common	Buy Transaction	2,333	0.5825 GBP
Common	Buy Transaction	1,366	0.5830 GBP
Common	Buy Transaction	15,313	0.5860 GBP
Common	Buy Transaction	45,452	0.5865 GBP
Common	Buy Transaction	1,447	0.5875 GBP
Common	Buy Transaction	8,537	0.5880 GBP
Common	Buy Transaction	15,601	0.5905 GBP
Common	Buy Transaction	16,709	0.5925 GBP
Common	Buy Transaction	5,837	0.5930 GBP
Common	Buy Transaction	4,330	0.5935 GBP
Common	Buy Transaction	2,559	0.5940 GBP
Common	Buy Transaction	2,624	0.5955 GBP
Common	Buy Transaction	13,456	0.5975 GBP
Common	Buy Transaction	14,683	0.5980 GBP
Common	Buy Transaction	8,319	0.5985 GBP
Common	Buy Transaction	26,419	0.5990 GBP
Common	Buy Transaction	300	0.5995 GBP
Common	Buy Transaction	13,186	0.6000 GBP
Common	Buy Transaction	12,127	0.6005 GBP
Common	Buy Transaction	8,609	0.6025 GBP
Common	Buy Transaction	148	0.6030 GBP
Common	Buy Transaction	2,121	0.6055 GBP
Common	Buy Transaction	10,740	0.6085 GBP
Common	Buy Transaction	9,148	0.6100 GBP
Common	Buy Transaction	3,816	0.6105 GBP
Common	Buy Transaction	1,587	0.6110 GBP
Common	Buy Transaction	3,835	0.6125 GBP
Common	Buy Transaction	9,514	0.6165 GBP
Common	Buy Transaction	116,852	0.6170 GBP
Common	Buy Transaction	177	0.6175 GBP
Common	Buy Transaction	4,578	0.6180 GBP
Common	Buy Transaction	2,936	0.6190 GBP
Common	Buy Transaction	2,500	0.6200 GBP
Common	Buy Transaction	20,066	0.6205 GBP
Common	Buy Transaction	66,102	0.6210 GBP
Common	Buy Transaction	4,721	0.6215 GBP
Common	Buy Transaction	20,025	0.6220 GBP
Common	Buy Transaction	4,201	0.6280 GBP
Common	Sell Transaction	11,107	0.5755 GBP
Common	Sell Transaction	830	0.5770 GBP
Common	Sell Transaction	1,316	0.5775 GBP
Common	Sell Transaction	4,283	0.5780 GBP
Common	Sell Transaction	15,606	0.5785 GBP
Common	Sell Transaction	27,364	0.5800 GBP
Common	Sell Transaction	1,214	0.5830 GBP
Common	Sell Transaction	6,642	0.5850 GBP
Common	Sell Transaction	116	0.5865 GBP
Common	Sell Transaction	38,958	0.5870 GBP
Common	Sell Transaction	26,917	0.5875 GBP
Common	Sell Transaction	83,794	0.5880 GBP
Common	Sell Transaction	63,638	0.5900 GBP
Common	Sell Transaction	657	0.5905 GBP
Common	Sell Transaction	50,000	0.5917 GBP
Common	Sell Transaction	10,724	0.5955 GBP
Common	Sell Transaction	34,761	0.5980 GBP
Common	Sell Transaction	48,529	0.5985 GBP
Common	Sell Transaction	13,577	0.5990 GBP
Common	Sell Transaction	25,305	0.5995 GBP
Common	Sell Transaction	12,061	0.6000 GBP
Common	Sell Transaction	4,013	0.6015 GBP
Common	Sell Transaction	12,373	0.6020 GBP
Common	Sell Transaction	8,088	0.6025 GBP
Common	Sell Transaction	6,915	0.6060 GBP
Common	Sell Transaction	3,051	0.6065 GBP
Common	Sell Transaction	2,409	0.6070 GBP
Common	Sell Transaction	34,468	0.6125 GBP
Common	Sell Transaction	13,197	0.6160 GBP
Common	Sell Transaction	3,054	0.6165 GBP
Common	Sell Transaction	14,487	0.6190 GBP
Common	Sell Transaction	1,643	0.6205 GBP
Common	Sell Transaction	14,679	0.6210 GBP
Common	Sell Transaction	7,184	0.6215 GBP
Common	Sell Transaction	1,665	0.6240 GBP
Common	Sell Transaction	3,748	0.6245 GBP
Common	Sell Transaction	2,416	0.6250 GBP
Common	Sell Transaction	2,592	0.6265 GBP
Common	Sell Transaction	5,814	0.6275 GBP
Common	Sell Transaction	16,829	0.6285 GBP
Common	Sell Transaction	15,960	0.6290 GBP
Common	Sell Transaction	6,121	0.6295 GBP

(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
Common	CFD	Increasing short position	8,482	0.5918 GBP
Common	CFD	Reducing short position	45,169	0.5936 GBP
Common	CFD	Reducing short position	3,209	0.5948 GBP
Common	CFD	Reducing short position	10,578	0.5978 GBP
Common	CFD	Increasing short position	212,074	0.6064 GBP
Common	CFD	Increasing short position	39,021	0.6070 GBP
Common	CFD	Increasing short position	72,785	0.6170 GBP
Common	CFD	Increasing short position	8,222	0.6174 GBP

(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

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	6 May 2025
Contact name:	Paula Santos
Telephone number*:	020 7645 9700

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.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

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