Form 8.3- American Axle & Manufacturing Holdings

RNS Number : 9041J

Bank of America Merrill Lynch

02 December 2025

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:

Bank of America Corporation

(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

01/12/2025

(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

If YES, specify which:

(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

Interests

Short Positions

Number

(1)	Relevant securities owned and/or controlled:

1,751,081

1.475%

2,991,752

2.521%

(2)	Cash-settled derivatives:

2,860,981

2.410%

1,072,941

0.904%

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

0.000%

TOTAL:

4,612,062

3.886%

4,064,693

3.424%

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
USD 0.01 common	Purchase	101	6.43 USD
USD 0.01 common	Purchase	59	6.435255 USD
USD 0.01 common	Purchase	881	6.44 USD
USD 0.01 common	Purchase	293	6.45 USD
USD 0.01 common	Purchase	72	6.450417 USD
USD 0.01 common	Purchase	68	6.461177 USD
USD 0.01 common	Purchase	25	6.4684 USD
USD 0.01 common	Purchase	428	6.47 USD
USD 0.01 common	Purchase	18	6.470556 USD
USD 0.01 common	Purchase	26	6.471539 USD
USD 0.01 common	Purchase	31	6.473226 USD
USD 0.01 common	Purchase	20	6.475 USD
USD 0.01 common	Purchase	22	6.47591 USD
USD 0.01 common	Purchase	23	6.476957 USD
USD 0.01 common	Purchase	17	6.477648 USD
USD 0.01 common	Purchase	49	6.479592 USD
USD 0.01 common	Purchase	241	6.48 USD
USD 0.01 common	Purchase	16	6.480625 USD
USD 0.01 common	Purchase	54	6.482778 USD
USD 0.01 common	Purchase	20	6.483 USD
USD 0.01 common	Purchase	24	6.483334 USD
USD 0.01 common	Purchase	25	6.4836 USD
USD 0.01 common	Purchase	24	6.484167 USD
USD 0.01 common	Purchase	56	6.484822 USD
USD 0.01 common	Purchase	146	6.485 USD
USD 0.01 common	Purchase	100	6.4851 USD
USD 0.01 common	Purchase	21	6.485239 USD
USD 0.01 common	Purchase	49	6.488572 USD
USD 0.01 common	Purchase	22	6.488637 USD
USD 0.01 common	Purchase	100	6.4896 USD
USD 0.01 common	Purchase	87	6.489656 USD
USD 0.01 common	Purchase	100	6.4899 USD
USD 0.01 common	Purchase	488	6.49 USD
USD 0.01 common	Purchase	24	6.490417 USD
USD 0.01 common	Purchase	28	6.491072 USD
USD 0.01 common	Purchase	29	6.491725 USD
USD 0.01 common	Purchase	100	6.4919 USD
USD 0.01 common	Purchase	100	6.4926 USD
USD 0.01 common	Purchase	100	6.4942 USD
USD 0.01 common	Purchase	200	6.4947 USD
USD 0.01 common	Purchase	204	6.495 USD
USD 0.01 common	Purchase	100	6.4952 USD
USD 0.01 common	Purchase	57	6.495264 USD
USD 0.01 common	Purchase	65	6.497077 USD
USD 0.01 common	Purchase	23	6.497392 USD
USD 0.01 common	Purchase	100	6.4978 USD
USD 0.01 common	Purchase	73	6.498083 USD
USD 0.01 common	Purchase	29	6.498276 USD
USD 0.01 common	Purchase	71	6.498733 USD
USD 0.01 common	Purchase	26	6.5 USD
USD 0.01 common	Purchase	80	6.5005 USD
USD 0.01 common	Purchase	100	6.5006 USD
USD 0.01 common	Purchase	23	6.501305 USD
USD 0.01 common	Purchase	26	6.501539 USD
USD 0.01 common	Purchase	64	6.50375 USD
USD 0.01 common	Purchase	96	6.5075 USD
USD 0.01 common	Purchase	23	6.508696 USD
USD 0.01 common	Purchase	28	6.509286 USD
USD 0.01 common	Purchase	76	6.509737 USD
USD 0.01 common	Purchase	679	6.51 USD
USD 0.01 common	Purchase	200	6.5113 USD
USD 0.01 common	Purchase	22	6.511819 USD
USD 0.01 common	Purchase	51	6.511961 USD
USD 0.01 common	Purchase	96	6.512813 USD
USD 0.01 common	Purchase	92	6.513805 USD
USD 0.01 common	Purchase	22	6.514091 USD
USD 0.01 common	Purchase	21	6.514762 USD
USD 0.01 common	Purchase	100	6.5149 USD
USD 0.01 common	Purchase	516	6.515 USD
USD 0.01 common	Purchase	38	6.515264 USD
USD 0.01 common	Purchase	100	6.5154 USD
USD 0.01 common	Purchase	200	6.5162 USD
USD 0.01 common	Purchase	1,130	6.52 USD
USD 0.01 common	Purchase	200	6.5202 USD
USD 0.01 common	Purchase	49	6.521429 USD
USD 0.01 common	Purchase	35	6.522572 USD
USD 0.01 common	Purchase	46	6.523696 USD
USD 0.01 common	Purchase	36	6.524167 USD
USD 0.01 common	Purchase	25	6.5244 USD
USD 0.01 common	Purchase	36	6.524445 USD
USD 0.01 common	Purchase	46	6.524566 USD
USD 0.01 common	Purchase	906	6.525 USD
USD 0.01 common	Purchase	33	6.525152 USD
USD 0.01 common	Purchase	27	6.525186 USD
USD 0.01 common	Purchase	21	6.525239 USD
USD 0.01 common	Purchase	32	6.525625 USD
USD 0.01 common	Purchase	10	6.526 USD
USD 0.01 common	Purchase	41	6.526342 USD
USD 0.01 common	Purchase	46	6.52674 USD
USD 0.01 common	Purchase	33	6.527273 USD
USD 0.01 common	Purchase	26	6.527308 USD
USD 0.01 common	Purchase	215	6.53 USD
USD 0.01 common	Purchase	45	6.530889 USD
USD 0.01 common	Purchase	46	6.539566 USD
USD 0.01 common	Purchase	134	6.54 USD
USD 0.01 common	Purchase	56	6.541429 USD
USD 0.01 common	Purchase	23	6.548261 USD
USD 0.01 common	Purchase	32	6.549688 USD
USD 0.01 common	Purchase	12	6.55 USD
USD 0.01 common	Purchase	41	6.550488 USD
USD 0.01 common	Purchase	27	6.550741 USD
USD 0.01 common	Purchase	46	6.551305 USD
USD 0.01 common	Purchase	55	6.552182 USD
USD 0.01 common	Purchase	52	6.554424 USD
USD 0.01 common	Purchase	31	6.554517 USD
USD 0.01 common	Purchase	33	6.554546 USD
USD 0.01 common	Purchase	24	6.554584 USD
USD 0.01 common	Purchase	30	6.554667 USD
USD 0.01 common	Purchase	76	6.557764 USD
USD 0.01 common	Purchase	4	6.56 USD
USD 0.01 common	Purchase	40	6.563 USD
USD 0.01 common	Purchase	35	6.569429 USD
USD 0.01 common	Purchase	76	6.569737 USD
USD 0.01 common	Purchase	15	6.57 USD
USD 0.01 common	Purchase	39	6.571283 USD
USD 0.01 common	Purchase	4	6.58 USD
USD 0.01 common	Purchase	60	6.583834 USD
USD 0.01 common	Purchase	40	6.58875 USD
USD 0.01 common	Purchase	500	6.59 USD
USD 0.01 common	Purchase	49	6.594694 USD
USD 0.01 common	Purchase	70	6.599858 USD
USD 0.01 common	Purchase	7	6.57 USD
USD 0.01 common	Purchase	107	6.555 USD
USD 0.01 common	Purchase	142	6.498662 USD
USD 0.01 common	Purchase	185	6.55 USD
USD 0.01 common	Purchase	2,088	6.44 USD
USD 0.01 common	Purchase	20	6.545 USD
USD 0.01 common	Purchase	25	6.4757 USD

Class of relevant security	Purchase/sale	Number of securities	Price per unit
USD 0.01 common	Sale	3	6.44 USD
USD 0.01 common	Sale	3	6.45 USD
USD 0.01 common	Sale	3	6.49 USD
USD 0.01 common	Sale	3	6.5 USD
USD 0.01 common	Sale	22	6.51 USD
USD 0.01 common	Sale	21	6.52 USD
USD 0.01 common	Sale	35	6.53 USD
USD 0.01 common	Sale	15	6.57 USD
USD 0.01 common	Sale	3,267	6.50666 USD
USD 0.01 common	Sale	2,031	6.44 USD
USD 0.01 common	Sale	2	6.43 USD
USD 0.01 common	Sale	1	6.42 USD

(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
USD 0.01 common	Swaps - Equity Swaps	Increasing a Short Position	142	6.498962 USD
USD 0.01 common	Swaps - Equity Swaps	Reducing a Short Position	3,215	6.506360 USD
USD 0.01 common	Swaps - Equity Swaps	Reducing a Short Position	52	6.506360 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
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise Price per unit
N/A	N/A	N/A	N/A	N/A

(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)
N/A	N/A	N/A	N/A

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?

Date of disclosure:	02/12/2025
Contact name:	Kamil Dziedzic
Telephone number:	+353 86 168 4821

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.

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END

RETZZMGZMZRGKZM

Date	2 Dec 2025
Time	11:29:29
Category	Holding(s) in company
ID	9041J

Date	2 Dec 2025
Time	11:29:29
Category	Holding(s) in company
ID	9041J

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Form 8.3- American Axle & Manufacturing Holdings