Citadel Group

Major Shareholding Notification • Aug 12, 2025

National Storage Mechanism | Additional information

RNS Number : 9654U

Citadel Group

12 August 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:	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	AMERICAN AXLE  MANUFACTURING HOLDINGS INC
(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	11 August 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 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: Common Stock	ISIN US0240611030 USD 0.01 common
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	1,500,797	1.26	404,186	0.34
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	231,000	0.19	689,400	0.58
TOTAL:	1,731,797	1.45	1,093,586	0.92

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	450	5.1100 USD
Common	Buy Transaction	1,190	5.1900 USD
Common	Buy Transaction	89	5.2000 USD
Common	Buy Transaction	1,100	5.2200 USD
Common	Buy Transaction	1,500	5.2247 USD
Common	Buy Transaction	250	5.2307 USD
Common	Buy Transaction	2	5.2400 USD
Common	Buy Transaction	757	5.2472 USD
Common	Buy Transaction	20	5.2500 USD
Common	Buy Transaction	3,171	5.2517 USD
Common	Buy Transaction	505	5.2600 USD
Common	Buy Transaction	51	5.2604 USD
Common	Buy Transaction	10,588	5.2650 USD
Common	Buy Transaction	525	5.2690 USD
Common	Buy Transaction	688	5.2700 USD
Common	Buy Transaction	587	5.2702 USD
Common	Buy Transaction	7,100	5.2706 USD
Common	Buy Transaction	14	5.2707 USD
Common	Buy Transaction	3,029	5.2800 USD
Common	Buy Transaction	1,900	5.2832 USD
Common	Buy Transaction	1,248	5.2840 USD
Common	Buy Transaction	1,604	5.2872 USD
Common	Buy Transaction	376	5.2873 USD
Common	Buy Transaction	288	5.2900 USD
Common	Buy Transaction	100	5.2909 USD
Common	Buy Transaction	875	5.2956 USD
Common	Buy Transaction	7,124	5.3000 USD
Common	Buy Transaction	582	5.3041 USD
Common	Buy Transaction	278	5.3069 USD
Common	Buy Transaction	430	5.3091 USD
Common	Buy Transaction	511	5.3094 USD
Common	Buy Transaction	10,099	5.3100 USD
Common	Buy Transaction	238	5.3119 USD
Common	Buy Transaction	1	5.3200 USD
Common	Buy Transaction	3,530	5.3224 USD
Common	Buy Transaction	53	5.3240 USD
Common	Buy Transaction	1,000	5.3260 USD
Common	Buy Transaction	1,100	5.3273 USD
Common	Buy Transaction	11,817	5.3298 USD
Common	Buy Transaction	200	5.3300 USD
Common	Buy Transaction	1,556	5.3303 USD
Common	Buy Transaction	2,015	5.3350 USD
Common	Buy Transaction	2,405	5.3356 USD
Common	Buy Transaction	641	5.3362 USD
Common	Buy Transaction	800	5.3412 USD
Common	Buy Transaction	1,167	5.3440 USD
Common	Buy Transaction	13,265	5.3442 USD
Common	Buy Transaction	2,535	5.3471 USD
Common	Buy Transaction	3,270	5.3484 USD
Common	Buy Transaction	401	5.3516 USD
Common	Buy Transaction	12,201	5.3541 USD
Common	Buy Transaction	1,541	5.3543 USD
Common	Buy Transaction	590	5.3608 USD
Common	Buy Transaction	700	5.3614 USD
Common	Buy Transaction	300	5.3633 USD
Common	Buy Transaction	1,000	5.3700 USD
Common	Buy Transaction	12	5.3742 USD
Common	Buy Transaction	2,198	5.3754 USD
Common	Buy Transaction	3	5.3762 USD
Common	Buy Transaction	367	5.3780 USD
Common	Buy Transaction	18	5.3800 USD
Common	Buy Transaction	3,251	5.3852 USD
Common	Buy Transaction	3,999	5.3858 USD
Common	Buy Transaction	1,200	5.3950 USD
Common	Buy Transaction	3,857	5.3957 USD
Common	Buy Transaction	1	5.3983 USD
Common	Buy Transaction	13,500	5.4000 USD
Common	Buy Transaction	2,620	5.4009 USD
Common	Buy Transaction	1	5.4089 USD
Common	Buy Transaction	100	5.4100 USD
Common	Buy Transaction	336	5.4115 USD
Common	Buy Transaction	11,087	5.4125 USD
Common	Buy Transaction	23	5.4139 USD
Common	Buy Transaction	7,768	5.4154 USD
Common	Buy Transaction	6,162	5.4191 USD
Common	Buy Transaction	3,201	5.4191 USD
Common	Buy Transaction	3,013	5.4260 USD
Common	Buy Transaction	11,661	5.4298 USD
Common	Buy Transaction	2,120	5.4311 USD
Common	Buy Transaction	1,919	5.4318 USD
Common	Buy Transaction	200	5.4351 USD
Common	Buy Transaction	16,619	5.4355 USD
Common	Buy Transaction	1,689	5.4364 USD
Common	Buy Transaction	1,196	5.4369 USD
Common	Buy Transaction	245	5.4400 USD
Common	Buy Transaction	2,600	5.4412 USD
Common	Buy Transaction	381	5.4426 USD
Common	Buy Transaction	5,725	5.4436 USD
Common	Buy Transaction	374	5.4445 USD
Common	Buy Transaction	3	5.4467 USD
Common	Buy Transaction	811	5.4485 USD
Common	Buy Transaction	201	5.4498 USD
Common	Buy Transaction	1,115	5.4500 USD
Common	Buy Transaction	4,468	5.4511 USD
Common	Buy Transaction	6,671	5.4526 USD
Common	Buy Transaction	1,900	5.4542 USD
Common	Buy Transaction	1,746	5.4550 USD
Common	Buy Transaction	602	5.4569 USD
Common	Buy Transaction	3,400	5.4576 USD
Common	Buy Transaction	1,500	5.4587 USD
Common	Buy Transaction	1,005	5.4594 USD
Common	Buy Transaction	2,347	5.4600 USD
Common	Buy Transaction	5,985	5.4600 USD
Common	Buy Transaction	15	5.4607 USD
Common	Buy Transaction	1,553	5.4608 USD
Common	Buy Transaction	435	5.4609 USD
Common	Buy Transaction	8,433	5.4609 USD
Common	Buy Transaction	2,997	5.4610 USD
Common	Buy Transaction	3,300	5.4623 USD
Common	Buy Transaction	320	5.4635 USD
Common	Buy Transaction	1,960	5.4650 USD
Common	Buy Transaction	11	5.4655 USD
Common	Buy Transaction	3,385	5.4660 USD
Common	Buy Transaction	1,210	5.4700 USD
Common	Buy Transaction	7,164	5.4740 USD
Common	Buy Transaction	1,600	5.4800 USD
Common	Buy Transaction	3,575	5.4850 USD
Common	Buy Transaction	701	5.4900 USD
Common	Buy Transaction	4,885	5.4900 USD
Common	Buy Transaction	84	5.4919 USD
Common	Buy Transaction	306	5.4933 USD
Common	Buy Transaction	10,950	5.5000 USD
Common	Buy Transaction	85	5.5009 USD
Common	Buy Transaction	984	5.5027 USD
Common	Buy Transaction	8,666	5.5056 USD
Common	Buy Transaction	900	5.5100 USD
Common	Buy Transaction	86	5.5117 USD
Common	Buy Transaction	1,931	5.5209 USD
Common	Buy Transaction	2,792	5.5210 USD
Common	Buy Transaction	18,247	5.5300 USD
Common	Buy Transaction	5,502	5.5387 USD
Common	Buy Transaction	65,977	5.5400 USD
Common	Buy Transaction	1,804	5.5411 USD
Common	Buy Transaction	196	5.5411 USD
Common	Buy Transaction	250	5.5412 USD
Common	Buy Transaction	263	5.5500 USD
Common	Buy Transaction	200	5.5550 USD
Common	Buy Transaction	5,000	5.5650 USD
Common	Buy Transaction	438	5.5855 USD
Common	Buy Transaction	512	5.5855 USD
Common	Buy Transaction	100	5.6000 USD
Common	Sell Transaction	100	5.1900 USD
Common	Sell Transaction	89	5.2000 USD
Common	Sell Transaction	300	5.2100 USD
Common	Sell Transaction	800	5.2200 USD
Common	Sell Transaction	1,150	5.2270 USD
Common	Sell Transaction	118	5.2297 USD
Common	Sell Transaction	460	5.2500 USD
Common	Sell Transaction	40,693	5.2509 USD
Common	Sell Transaction	342	5.2600 USD
Common	Sell Transaction	242	5.2621 USD
Common	Sell Transaction	140	5.2621 USD
Common	Sell Transaction	532	5.2643 USD
Common	Sell Transaction	188	5.2650 USD
Common	Sell Transaction	2	5.2700 USD
Common	Sell Transaction	1,000	5.2750 USD
Common	Sell Transaction	2,756	5.2800 USD
Common	Sell Transaction	113	5.2830 USD
Common	Sell Transaction	3,900	5.2879 USD
Common	Sell Transaction	600	5.2900 USD
Common	Sell Transaction	222	5.2901 USD
Common	Sell Transaction	136	5.2947 USD
Common	Sell Transaction	1,282	5.2957 USD
Common	Sell Transaction	500	5.2980 USD
Common	Sell Transaction	6,088	5.3007 USD
Common	Sell Transaction	650	5.3091 USD
Common	Sell Transaction	3,925	5.3103 USD
Common	Sell Transaction	492	5.3123 USD
Common	Sell Transaction	105	5.3148 USD
Common	Sell Transaction	152	5.3150 USD
Common	Sell Transaction	1,026	5.3200 USD
Common	Sell Transaction	180	5.3256 USD
Common	Sell Transaction	600	5.3267 USD
Common	Sell Transaction	810	5.3268 USD
Common	Sell Transaction	1,100	5.3327 USD
Common	Sell Transaction	2,346	5.3329 USD
Common	Sell Transaction	598	5.3351 USD
Common	Sell Transaction	1,717	5.3368 USD
Common	Sell Transaction	9	5.3400 USD
Common	Sell Transaction	2,000	5.3405 USD
Common	Sell Transaction	5,575	5.3457 USD
Common	Sell Transaction	1,009	5.3467 USD
Common	Sell Transaction	1,101	5.3497 USD
Common	Sell Transaction	180	5.3548 USD
Common	Sell Transaction	2,850	5.3571 USD
Common	Sell Transaction	6,264	5.3577 USD
Common	Sell Transaction	1,742	5.3612 USD
Common	Sell Transaction	3,628	5.3684 USD
Common	Sell Transaction	4,298	5.3718 USD
Common	Sell Transaction	400	5.3725 USD
Common	Sell Transaction	7,537	5.3739 USD
Common	Sell Transaction	997	5.3757 USD
Common	Sell Transaction	5,231	5.3785 USD
Common	Sell Transaction	3,500	5.3786 USD
Common	Sell Transaction	2,743	5.3800 USD
Common	Sell Transaction	3,166	5.3804 USD
Common	Sell Transaction	515	5.3828 USD
Common	Sell Transaction	85	5.3895 USD
Common	Sell Transaction	4,951	5.3896 USD
Common	Sell Transaction	13,600	5.3909 USD
Common	Sell Transaction	734	5.3944 USD
Common	Sell Transaction	375	5.3949 USD
Common	Sell Transaction	2,374	5.3983 USD
Common	Sell Transaction	20	5.3995 USD
Common	Sell Transaction	2	5.4002 USD
Common	Sell Transaction	2,306	5.4015 USD
Common	Sell Transaction	2,700	5.4030 USD
Common	Sell Transaction	17,019	5.4070 USD
Common	Sell Transaction	7,299	5.4073 USD
Common	Sell Transaction	1,600	5.4119 USD
Common	Sell Transaction	213	5.4162 USD
Common	Sell Transaction	2,296	5.4167 USD
Common	Sell Transaction	2,889	5.4172 USD
Common	Sell Transaction	100	5.4200 USD
Common	Sell Transaction	1,597	5.4205 USD
Common	Sell Transaction	10,716	5.4209 USD
Common	Sell Transaction	4,100	5.4228 USD
Common	Sell Transaction	3,228	5.4237 USD
Common	Sell Transaction	2,000	5.4250 USD
Common	Sell Transaction	916	5.4277 USD
Common	Sell Transaction	186	5.4298 USD
Common	Sell Transaction	1,899	5.4306 USD
Common	Sell Transaction	60	5.4317 USD
Common	Sell Transaction	1,919	5.4318 USD
Common	Sell Transaction	16,619	5.4355 USD
Common	Sell Transaction	2,328	5.4378 USD
Common	Sell Transaction	22	5.4386 USD
Common	Sell Transaction	99	5.4400 USD
Common	Sell Transaction	341	5.4412 USD
Common	Sell Transaction	565	5.4500 USD
Common	Sell Transaction	466	5.4507 USD
Common	Sell Transaction	1,564	5.4514 USD
Common	Sell Transaction	100	5.4530 USD
Common	Sell Transaction	14	5.4543 USD
Common	Sell Transaction	998	5.4549 USD
Common	Sell Transaction	12,112	5.4556 USD
Common	Sell Transaction	39	5.4556 USD
Common	Sell Transaction	522	5.4561 USD
Common	Sell Transaction	8,628	5.4565 USD
Common	Sell Transaction	2,500	5.4570 USD
Common	Sell Transaction	400	5.4575 USD
Common	Sell Transaction	2,871	5.4595 USD
Common	Sell Transaction	295	5.4600 USD
Common	Sell Transaction	100	5.4650 USD
Common	Sell Transaction	5,893	5.4667 USD
Common	Sell Transaction	4,881	5.4693 USD
Common	Sell Transaction	1,219	5.4694 USD
Common	Sell Transaction	6,207	5.4712 USD
Common	Sell Transaction	917	5.4716 USD
Common	Sell Transaction	123	5.4719 USD
Common	Sell Transaction	3	5.4733 USD
Common	Sell Transaction	600	5.4750 USD
Common	Sell Transaction	400	5.4775 USD
Common	Sell Transaction	15	5.4793 USD
Common	Sell Transaction	15,686	5.4851 USD
Common	Sell Transaction	2,089	5.4859 USD
Common	Sell Transaction	7	5.4900 USD
Common	Sell Transaction	248	5.4912 USD
Common	Sell Transaction	1,175	5.4948 USD
Common	Sell Transaction	9,599	5.4959 USD
Common	Sell Transaction	65	5.4992 USD
Common	Sell Transaction	300	5.5000 USD
Common	Sell Transaction	800	5.5006 USD
Common	Sell Transaction	1,000	5.5009 USD
Common	Sell Transaction	67	5.5040 USD
Common	Sell Transaction	900	5.5050 USD
Common	Sell Transaction	3,000	5.5091 USD
Common	Sell Transaction	5,548	5.5103 USD
Common	Sell Transaction	1,329	5.5111 USD
Common	Sell Transaction	21,327	5.5119 USD
Common	Sell Transaction	1	5.5150 USD
Common	Sell Transaction	300	5.5167 USD
Common	Sell Transaction	50	5.5192 USD
Common	Sell Transaction	1,535	5.5194 USD
Common	Sell Transaction	800	5.5250 USD
Common	Sell Transaction	3,461	5.5263 USD
Common	Sell Transaction	400	5.5300 USD
Common	Sell Transaction	1,094	5.5321 USD
Common	Sell Transaction	1,000	5.5340 USD
Common	Sell Transaction	40	5.5350 USD
Common	Sell Transaction	65,517	5.5400 USD
Common	Sell Transaction	18,901	5.5401 USD
Common	Sell Transaction	43,805	5.5443 USD
Common	Sell Transaction	223	5.5468 USD
Common	Sell Transaction	1,817	5.5487 USD
Common	Sell Transaction	20	5.5489 USD
Common	Sell Transaction	55	5.5491 USD
Common	Sell Transaction	2,666	5.5500 USD
Common	Sell Transaction	1,500	5.5580 USD
Common	Sell Transaction	25	5.5600 USD
Common	Sell Transaction	1,824	5.5601 USD
Common	Sell Transaction	4,810	5.5613 USD
Common	Sell Transaction	4,596	5.5629 USD
Common	Sell Transaction	600	5.5650 USD
Common	Sell Transaction	584	5.5700 USD
Common	Sell Transaction	247	5.5702 USD
Common	Sell Transaction	3,869	5.5800 USD
Common	Sell Transaction	107	5.5835 USD
Common	Sell Transaction	5	5.5880 USD
Common	Sell Transaction	1,498	5.5990 USD
Common	Sell Transaction	101	5.6000 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
Common	CFD	Closing long position	500	5.2280 USD
Common	CFD	Closing long position	29,229	5.4659 USD
Common	CFD	Closing long position	7,774	5.4869 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
Common	Put Option	Buy Transaction	100	5.0000 USD	American	2025-08-15	0.1100 USD
Common	Call Option	Buy Transaction	21,400	7.0000 USD	American	2025-10-17	0.1500 USD
Common	Put Option	Buy Transaction	100	4.0000 USD	American	2026-01-16	0.2000 USD
Common	Call Option	Buy Transaction	100	7.0000 USD	American	2025-10-17	0.2000 USD
Common	Put Option	Buy Transaction	1,000	5.0000 USD	American	2025-09-19	0.2000 USD
Common	Put Option	Buy Transaction	13,500	4.0000 USD	American	2026-01-16	0.2500 USD
Common	Call Option	Buy Transaction	1,000	6.0000 USD	American	2025-09-19	0.2500 USD
Common	Put Option	Buy Transaction	100	4.0000 USD	American	2026-01-16	0.3200 USD
Common	Call Option	Buy Transaction	200	5.0000 USD	American	2025-08-15	0.3500 USD
Common	Call Option	Buy Transaction	100	5.0000 USD	American	2025-08-15	0.3700 USD
Common	Call Option	Buy Transaction	200	7.0000 USD	American	2026-01-16	0.4000 USD
Common	Call Option	Buy Transaction	2,800	5.0000 USD	American	2025-08-15	0.4000 USD
Common	Call Option	Buy Transaction	100	5.0000 USD	American	2025-08-15	0.4100 USD
Common	Call Option	Buy Transaction	2,000	5.0000 USD	American	2025-08-15	0.4700 USD
Common	Call Option	Buy Transaction	100	5.0000 USD	American	2025-08-15	0.4800 USD
Common	Call Option	Buy Transaction	1,000	5.0000 USD	American	2025-08-15	0.5000 USD
Common	Call Option	Buy Transaction	300	5.0000 USD	American	2025-08-15	0.5100 USD
Common	Call Option	Buy Transaction	100	5.0000 USD	American	2025-08-15	0.5300 USD
Common	Call Option	Buy Transaction	100	5.0000 USD	American	2025-09-19	0.6000 USD
Common	Call Option	Buy Transaction	200	5.0000 USD	American	2025-10-17	0.6500 USD
Common	Call Option	Buy Transaction	200	6.0000 USD	American	2026-01-16	0.6500 USD
Common	Call Option	Buy Transaction	100	6.0000 USD	American	2026-01-16	0.7000 USD
Common	Call Option	Buy Transaction	1,000	6.0000 USD	American	2026-01-16	0.7500 USD
Common	Call Option	Buy Transaction	100	5.0000 USD	American	2025-10-17	0.7600 USD
Common	Call Option	Buy Transaction	1,000	4.0000 USD	American	2025-10-17	1.5700 USD
Common	Call Option	Buy Transaction	100	5.0000 USD	American	2026-07-17	1.6200 USD
Common	Call Option	Buy Transaction	100	4.0000 USD	American	2025-10-17	1.6200 USD
Common	Call Option	Buy Transaction	300	4.0000 USD	American	2025-10-17	1.6500 USD
Common	Call Option	Sell Transaction	100	6.0000 USD	American	2025-08-15	0.0800 USD
Common	Call Option	Sell Transaction	300	5.0000 USD	American	2025-08-15	0.4000 USD
Common	Call Option	Sell Transaction	100	5.0000 USD	American	2025-08-15	0.4400 USD
Common	Call Option	Sell Transaction	14,500	5.0000 USD	American	2025-08-15	0.5500 USD
Common	Call Option	Sell Transaction	300	5.0000 USD	American	2025-08-15	0.6500 USD
Common	Call Option	Sell Transaction	6,200	5.0000 USD	American	2026-01-16	1.0500 USD
Common	Call Option	Sell Transaction	100	4.0000 USD	American	2025-10-17	1.5500 USD
Common	Call Option	Sell Transaction	100	4.0000 USD	American	2025-10-17	1.6100 USD

(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

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?	YES

Date of disclosure:	12 August 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 .

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Full name of person making disclosure:	Citadel Group
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	AMERICAN AXLE  MANUFACTURING HOLDINGS INC

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
Common	Call Option	Purchased	100	4.0 USD	American	19/09/2025
Common	Call Option	Purchased	1,000	3.0 USD	American	15/08/2025
Common	Call Option	Purchased	39,800	6.0 USD	American	16/01/2026
Common	Put Option	Purchased	-1,600	5.0 USD	American	19/09/2025
Common	Put Option	Purchased	-200	7.0 USD	American	15/08/2025
Common	Put Option	Purchased	-8,200	6.0 USD	American	16/01/2026
Common	Call Option	Purchased	3,000	10.0 USD	American	16/01/2026
Common	Put Option	Purchased	-1,800	4.0 USD	American	15/08/2025
Common	Call Option	Purchased	21,800	7.0 USD	American	17/10/2025
Common	Put Option	Purchased	-1,200	5.0 USD	American	17/07/2026
Common	Put Option	Purchased	-100	7.0 USD	American	17/10/2025
Common	Call Option	Purchased	44,200	6.0 USD	American	17/10/2025
Common	Put Option	Purchased	-12,100	3.0 USD	American	15/08/2025
Common	Put Option	Purchased	-13,200	3.0 USD	American	16/01/2026
Common	Call Option	Purchased	300	2.0 USD	American	17/10/2025
Common	Put Option	Purchased	-215,000	4.0 USD	American	16/01/2026
Common	Put Option	Purchased	-900	5.0 USD	American	17/10/2025
Common	Call Option	Purchased	19,800	4.0 USD	American	17/10/2025
Common	Call Option	Purchased	100	8.0 USD	American	16/01/2026
Common	Put Option	Purchased	-1,000	6.0 USD	American	15/08/2025
Common	Call Option	Purchased	5,600	6.0 USD	American	19/09/2025
Common	Call Option	Sold	-2,000	10.0 USD	American	17/07/2026
Common	Call Option	Sold	-2,200	3.0 USD	American	17/10/2025
Common	Call Option	Sold	-1,400	4.0 USD	American	16/01/2026
Common	Call Option	Sold	-100	1.0 USD	American	17/07/2026
Common	Call Option	Sold	-100	2.0 USD	American	17/07/2026
Common	Put Option	Sold	1,900	5.0 USD	American	15/08/2025
Common	Call Option	Sold	-900	6.0 USD	American	15/08/2025
Common	Call Option	Sold	-2,500	4.0 USD	American	17/07/2026
Common	Call Option	Sold	-116,600	7.0 USD	American	16/01/2026
Common	Call Option	Sold	-60,400	5.0 USD	American	15/08/2025
Common	Call Option	Sold	-700	12.0 USD	American	16/01/2026
Common	Call Option	Sold	-12,500	15.0 USD	American	16/01/2026
Common	Call Option	Sold	-1,100	7.0 USD	American	17/07/2026
Common	Call Option	Sold	-2,600	4.0 USD	American	15/08/2025
Common	Call Option	Sold	-41,600	5.0 USD	American	17/07/2026
Common	Put Option	Sold	92,800	5.0 USD	American	16/01/2026
Common	Call Option	Sold	-300	3.0 USD	American	17/07/2026
Common	Call Option	Sold	-1,400	3.0 USD	American	16/01/2026
Common	Call Option	Sold	-133,000	5.0 USD	American	17/10/2025
Common	Put Option	Sold	600	3.0 USD	American	17/10/2025
Common	Call Option	Sold	-54,100	5.0 USD	American	16/01/2026
Common	Call Option	Sold	-600	5.0 USD	American	19/09/2025

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

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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