<div id="readability-page-1"><div>RNS Number : 1507R Dowlais Group PLC 30 January 2026 Dowlais Group plcTR-1: Standard form for notification of major holdings1. Issuer DetailsISINGB00BMWRZ071Issuer NameDOWLAIS GROUP PLCUK or Non-UK IssuerUK2. Reason for NotificationAn acquisition or disposal of voting rights3. Details of person subject to the notification obligationNameJPMorgan Chase &amp; Co.City of registered office (if applicable)Country of registered office (if applicable)US4. Details of the shareholder<div><table><tbody><tr><td>Name</td><td>J.P. Morgan Securities PLC</td></tr><tr><td>City of registered office</td><td></td></tr><tr><td>Country of registered office</td><td></td></tr></tbody></table></div>5. Date on which the threshold was crossed or reached28-Jan-20266. Date on which Issuer notified30-Jan-20267. Total positions of person(s) subject to the notification obligation<div><table><tbody><tr><td></td><td>% of voting rights attached to shares (total of 8.A)</td><td>% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)</td><td>Total of both in % (8.A + 8.B)</td><td>Total number of voting rights held in issuer</td></tr><tr><td>Resulting situation on the date on which threshold was crossed or reached</td><td>5.572189</td><td>0.040195</td><td>5.612384</td><td>73896724</td></tr><tr><td>Position of previous notification (if applicable)</td><td>6.374000</td><td>0.064616</td><td>6.438616</td><td></td></tr></tbody></table></div>8. Notified details of the resulting situation on the date on which the threshold was crossed or reached8A. Voting rights attached to shares<div><table><tbody><tr><td>Class/Type of shares ISIN code(if possible)</td><td>Number of direct voting rights (DTR5.1)</td><td>Number of indirect voting rights (DTR5.2.1)</td><td>% of direct voting rights (DTR5.1)</td><td>% of indirect voting rights (DTR5.2.1)</td></tr><tr><td>GB00BMWRZ071</td><td></td><td>73366862</td><td></td><td>5.572189</td></tr><tr><td>Sub Total 8.A</td><td colspan="2">73366862</td><td colspan="2">5.572189%</td></tr></tbody></table></div>8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))<div><table><tbody><tr><td>Type of financial instrument</td><td>Sub Total 8.B1</td></tr><tr><td>Expiration date</td><td colspan="2"></td></tr><tr><td>Exercise/conversion period</td><td></td></tr><tr><td>Number of voting rights that may be acquired if the instrument is exercised/converted</td><td></td></tr><tr><td>% of voting rights</td></tr></tbody></table></div>8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))<div><table><tbody><tr><td>Type of financial instrument</td><td>Expiration date</td><td>Exercise/conversion period</td><td>Physical or cash settlement</td><td>Number of voting rights</td><td>% of voting rights</td></tr><tr><td>Cash-settled Equity Swap</td><td>03/02/2026</td><td>03/02/2026</td><td>Cash</td><td>5461</td><td>0.000414</td></tr><tr><td>Cash-settled Equity Swap</td><td>18/02/2026</td><td>18/02/2026</td><td>Cash</td><td>16514</td><td>0.001252</td></tr><tr><td>Cash-settled Equity Swap</td><td>18/03/2026</td><td>18/03/2026</td><td>Cash</td><td>64400</td><td>0.004891</td></tr><tr><td>Cash-settled Equity Swap</td><td>05/05/2026</td><td>05/05/2026</td><td>Cash</td><td>995</td><td>0.000075</td></tr><tr><td>Cash-settled Equity Swap</td><td>26/05/2026</td><td>26/05/2026</td><td>Cash</td><td>60344</td><td>0.004583</td></tr><tr><td>Cash-settled Equity Swap</td><td>02/06/2026</td><td>02/06/2026</td><td>Cash</td><td>2230</td><td>0.000168</td></tr><tr><td>Cash-settled Equity Swap</td><td>02/07/2026</td><td>02/07/2026</td><td>Cash</td><td>6862</td><td>0.000520</td></tr><tr><td>Cash-settled Equity Swap</td><td>04/08/2026</td><td>04/08/2026</td><td>Cash</td><td>3948</td><td>0.000298</td></tr><tr><td>Cash-settled Equity Swap</td><td>19/08/2026</td><td>19/08/2026</td><td>Cash</td><td>17805</td><td>0.001351</td></tr><tr><td>Cash-settled Equity Swap</td><td>02/09/2026</td><td>02/09/2026</td><td>Cash</td><td>18422</td><td>0.001397</td></tr><tr><td>Cash-settled Equity Swap</td><td>17/09/2026</td><td>17/09/2026</td><td>Cash</td><td>36807</td><td>0.002788</td></tr><tr><td>Cash-settled Equity Swap</td><td>02/10/2026</td><td>02/10/2026</td><td>Cash</td><td>8283</td><td>0.000626</td></tr><tr><td>Cash-settled Equity Swap</td><td>19/10/2026</td><td>19/10/2026</td><td>Cash</td><td>23992</td><td>0.001820</td></tr><tr><td>Cash-settled Equity Swap</td><td>03/11/2026</td><td>03/11/2026</td><td>Cash</td><td>29891</td><td>0.002267</td></tr><tr><td>Cash-settled Equity Swap</td><td>02/12/2026</td><td>02/12/2026</td><td>Cash</td><td>30745</td><td>0.002330</td></tr><tr><td>Cash-settled Equity Swap</td><td>17/12/2026</td><td>17/12/2026</td><td>Cash</td><td>127094</td><td>0.009642</td></tr><tr><td>Cash-settled Equity Swap</td><td>19/01/2027</td><td>19/01/2027</td><td>Cash</td><td>48929</td><td>0.003713</td></tr><tr><td>Cash-settled Equity Swap</td><td>02/02/2027</td><td>02/02/2027</td><td>Cash</td><td>26900</td><td>0.002043</td></tr><tr><td>Cash-settled Equity Swap</td><td>30/05/2028</td><td>30/05/2028</td><td>Cash</td><td>240</td><td>0.000017</td></tr><tr><td>Sub Total 8.B2</td><td colspan="3"></td><td>529862</td><td>0.040195%</td></tr></tbody></table></div>9. Information in relation to the person subject to the notification obligation2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)<div><table><tbody><tr><td>Ultimate controlling person</td><td>Name of controlled undertaking</td><td>% of voting rights if it equals or is higher than the notifiable threshold</td><td>% of voting rights through financial instruments if it equals or is higher than the notifiable threshold</td><td>Total of both if it equals or is higher than the notifiable threshold</td></tr><tr><td>JPMorgan Chase &amp; Co.</td><td>J.P. Morgan Securities plc</td><td>5.552875</td><td></td><td>5.593070%</td></tr><tr><td>JPMorgan Chase &amp; Co.</td><td>J.P. Morgan SE</td><td></td><td></td><td></td></tr><tr><td>JPMorgan Chase &amp; Co.</td><td>JPMorgan Chase Bank, National Association</td><td></td><td></td><td></td></tr></tbody></table></div>10. In case of proxy votingName of the proxy holderThe number and % of voting rights heldThe date until which the voting rights will be held11. Additional InformationChain of controlled undertakings:JPMorgan Chase &amp; Co.JPMorgan Chase Bank, National Association (100%)J.P. Morgan International Finance Limited (100%)J.P. Morgan Capital Holdings Limited (100%)J.P. Morgan Securities plc (100%)JPMorgan Chase &amp; Co.JPMorgan Chase Bank, National Association (100%)J.P. Morgan International Finance Limited (100%)J.P. Morgan SE (100%)JPMorgan Chase &amp; Co.JPMorgan Chase Bank, National Association (100%)12. Date of Completion30-Jan-202613. Place Of CompletionLondonThis information is provided by RNS, the news service of the London Stock Exchange. 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JPMorgan Chase & Co. has notified Dowlais Group PLC of a change in its voting rights, crossing a threshold on January 28, 2026. The firm now holds 5.57% of voting rights attached to shares and an additional 0.04% through financial instruments, totaling 5.61%. This notification follows the standard form for major holdings and was completed on January 30, 2026. The details include various cash-settled equity swaps with different expiration dates, contributing to the overall voting rights held by JPMorgan.

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