Form 8.3- American Axle & Mfg. Holdings

RNS Number : 3087M

Bank of America Merrill Lynch

19 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

18/12/2025

(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:

1,864,042

1.570%

3,128,884

2.636%

(2)	Cash-settled derivatives:

3,093,046

2.606%

1,105,989

0.932%

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

0.000%

TOTAL:

4,957,088

4.176%

4,234,873

3.568%

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	54	6.54 USD
USD 0.01 common	Purchase	93	6.55 USD
USD 0.01 common	Purchase	126	6.56 USD
USD 0.01 common	Purchase	136	6.57 USD
USD 0.01 common	Purchase	98	6.58 USD
USD 0.01 common	Purchase	45	6.59 USD
USD 0.01 common	Purchase	40	6.6 USD
USD 0.01 common	Purchase	18	6.603889 USD
USD 0.01 common	Purchase	82	6.61 USD
USD 0.01 common	Purchase	32	6.611875 USD
USD 0.01 common	Purchase	19	6.617895 USD
USD 0.01 common	Purchase	17	6.619412 USD
USD 0.01 common	Purchase	33	6.62 USD
USD 0.01 common	Purchase	15	6.620667 USD
USD 0.01 common	Purchase	45	6.63 USD
USD 0.01 common	Purchase	14	6.634286 USD
USD 0.01 common	Purchase	18	6.634445 USD
USD 0.01 common	Purchase	18	6.635556 USD
USD 0.01 common	Purchase	14	6.635715 USD
USD 0.01 common	Purchase	67	6.64 USD
USD 0.01 common	Purchase	15	6.641334 USD
USD 0.01 common	Purchase	32	6.643125 USD
USD 0.01 common	Purchase	19	6.643685 USD
USD 0.01 common	Purchase	19	6.645264 USD
USD 0.01 common	Purchase	20	6.6455 USD
USD 0.01 common	Purchase	15	6.646 USD
USD 0.01 common	Purchase	17	6.647059 USD
USD 0.01 common	Purchase	19	6.649474 USD
USD 0.01 common	Purchase	131	6.65 USD
USD 0.01 common	Purchase	16	6.653125 USD
USD 0.01 common	Purchase	60	6.66 USD
USD 0.01 common	Purchase	97	6.67 USD
USD 0.01 common	Purchase	36	6.68 USD
USD 0.01 common	Purchase	15	6.686667 USD
USD 0.01 common	Purchase	819	6.7 USD
USD 0.01 common	Purchase	17	6.70353 USD
USD 0.01 common	Purchase	97	6.71 USD
USD 0.01 common	Purchase	20	6.711 USD
USD 0.01 common	Purchase	24	6.713334 USD
USD 0.01 common	Purchase	7	6.715715 USD
USD 0.01 common	Purchase	18	6.718889 USD
USD 0.01 common	Purchase	18	6.726112 USD
USD 0.01 common	Purchase	60	6.73 USD
USD 0.01 common	Purchase	13	6.731539 USD
USD 0.01 common	Purchase	18	6.76 USD
USD 0.01 common	Purchase	23	6.761305 USD
USD 0.01 common	Purchase	18	6.78 USD
USD 0.01 common	Purchase	48	6.79 USD
USD 0.01 common	Purchase	20	6.8 USD
USD 0.01 common	Purchase	5,707	6.7 USD

Class of relevant security	Purchase/sale	Number of securities	Price per unit
USD 0.01 common	Sale	15	6.535334 USD
USD 0.01 common	Sale	20	6.537 USD
USD 0.01 common	Sale	52	6.54 USD
USD 0.01 common	Sale	22	6.542728 USD
USD 0.01 common	Sale	7	6.542858 USD
USD 0.01 common	Sale	16	6.543125 USD
USD 0.01 common	Sale	15	6.544 USD
USD 0.01 common	Sale	14	6.544286 USD
USD 0.01 common	Sale	350	6.55 USD
USD 0.01 common	Sale	14	6.558572 USD
USD 0.01 common	Sale	157	6.56 USD
USD 0.01 common	Sale	17	6.564118 USD
USD 0.01 common	Sale	14	6.565715 USD
USD 0.01 common	Sale	17	6.567648 USD
USD 0.01 common	Sale	18	6.567778 USD
USD 0.01 common	Sale	249	6.57 USD
USD 0.01 common	Sale	33	6.579091 USD
USD 0.01 common	Sale	352	6.58 USD
USD 0.01 common	Sale	19	6.582632 USD
USD 0.01 common	Sale	46	6.59 USD
USD 0.01 common	Sale	21	6.592858 USD
USD 0.01 common	Sale	17	6.594706 USD
USD 0.01 common	Sale	26	6.603847 USD
USD 0.01 common	Sale	21	6.604286 USD
USD 0.01 common	Sale	29	6.604483 USD
USD 0.01 common	Sale	52	6.61 USD
USD 0.01 common	Sale	25	6.6104 USD
USD 0.01 common	Sale	34	6.611177 USD
USD 0.01 common	Sale	28	6.612143 USD
USD 0.01 common	Sale	25	6.6196 USD
USD 0.01 common	Sale	46	6.62 USD
USD 0.01 common	Sale	17	6.620589 USD
USD 0.01 common	Sale	21	6.620953 USD
USD 0.01 common	Sale	13	6.621539 USD
USD 0.01 common	Sale	7	6.63 USD
USD 0.01 common	Sale	36	6.633889 USD
USD 0.01 common	Sale	19	6.634737 USD
USD 0.01 common	Sale	20	6.6365 USD
USD 0.01 common	Sale	19	6.637369 USD
USD 0.01 common	Sale	199	6.64 USD
USD 0.01 common	Sale	19	6.641579 USD
USD 0.01 common	Sale	24	6.641667 USD
USD 0.01 common	Sale	22	6.641819 USD
USD 0.01 common	Sale	20	6.642 USD
USD 0.01 common	Sale	20	6.643 USD
USD 0.01 common	Sale	20	6.644 USD
USD 0.01 common	Sale	22	6.645455 USD
USD 0.01 common	Sale	20	6.646 USD
USD 0.01 common	Sale	24	6.64625 USD
USD 0.01 common	Sale	35	6.648286 USD
USD 0.01 common	Sale	254	6.65 USD
USD 0.01 common	Sale	16	6.650625 USD
USD 0.01 common	Sale	15	6.652 USD
USD 0.01 common	Sale	15	6.652667 USD
USD 0.01 common	Sale	21	6.652858 USD
USD 0.01 common	Sale	17	6.652942 USD
USD 0.01 common	Sale	17	6.65353 USD
USD 0.01 common	Sale	45	6.654 USD
USD 0.01 common	Sale	21	6.654286 USD
USD 0.01 common	Sale	16	6.654375 USD
USD 0.01 common	Sale	34	6.654706 USD
USD 0.01 common	Sale	16	6.65625 USD
USD 0.01 common	Sale	19	6.657369 USD
USD 0.01 common	Sale	15	6.659334 USD
USD 0.01 common	Sale	719	6.66 USD
USD 0.01 common	Sale	38	6.664474 USD
USD 0.01 common	Sale	17	6.665295 USD
USD 0.01 common	Sale	20	6.6665 USD
USD 0.01 common	Sale	23	6.666957 USD
USD 0.01 common	Sale	17	6.668824 USD
USD 0.01 common	Sale	104	6.67 USD
USD 0.01 common	Sale	31	6.670323 USD
USD 0.01 common	Sale	19	6.671053 USD
USD 0.01 common	Sale	19	6.671579 USD
USD 0.01 common	Sale	23	6.672609 USD
USD 0.01 common	Sale	16	6.675625 USD
USD 0.01 common	Sale	38	6.679211 USD
USD 0.01 common	Sale	66	6.68 USD
USD 0.01 common	Sale	27	6.683334 USD
USD 0.01 common	Sale	40	6.69 USD
USD 0.01 common	Sale	998	6.7 USD
USD 0.01 common	Sale	30	6.700667 USD
USD 0.01 common	Sale	17	6.701765 USD
USD 0.01 common	Sale	17	6.70353 USD
USD 0.01 common	Sale	29	6.705518 USD
USD 0.01 common	Sale	28	6.706429 USD
USD 0.01 common	Sale	52	6.71 USD
USD 0.01 common	Sale	20	6.711 USD
USD 0.01 common	Sale	27	6.711852 USD
USD 0.01 common	Sale	54	6.713334 USD
USD 0.01 common	Sale	49	6.715103 USD
USD 0.01 common	Sale	18	6.718889 USD
USD 0.01 common	Sale	29	6.719656 USD
USD 0.01 common	Sale	313	6.72 USD
USD 0.01 common	Sale	16	6.724375 USD
USD 0.01 common	Sale	32	6.725313 USD
USD 0.01 common	Sale	18	6.726112 USD
USD 0.01 common	Sale	33	6.727879 USD
USD 0.01 common	Sale	322	6.73 USD
USD 0.01 common	Sale	35	6.730286 USD
USD 0.01 common	Sale	13	6.731539 USD
USD 0.01 common	Sale	22	6.733182 USD
USD 0.01 common	Sale	32	6.74 USD
USD 0.01 common	Sale	12	6.75 USD
USD 0.01 common	Sale	23	6.761305 USD
USD 0.01 common	Sale	27	6.770741 USD
USD 0.01 common	Sale	26	6.789231 USD
USD 0.01 common	Sale	18	6.79 USD
USD 0.01 common	Sale	2,205	6.658524 USD
USD 0.01 common	Sale	776	6.7 USD
USD 0.01 common	Sale	111	6.61 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	Reducing a Short Position	1,998	6.658224 USD
USD 0.01 common	Swaps - Equity Swaps	Reducing a Short Position	186	6.658224 USD
USD 0.01 common	Swaps - Equity Swaps	Reducing a Short Position	21	6.658224 USD
USD 0.01 common	Swaps - Equity Swaps	Increasing a Long Position	15	6.610000 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:	19/12/2025
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

RETGPGCCPUPAGUB

Date	19 Dec 2025
Time	10:45:41
Category	Holding(s) in company
ID	3087M

Date	19 Dec 2025
Time	10:45:41
Category	Holding(s) in company
ID	3087M

t

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Form 8.3- American Axle & Mfg. Holdings