Company Announcements

BAKER STEEL RESOURCES TRUST LIMITED

(Incorporated in Guernsey with registered number 51576 under the provisions of The Companies (Guernsey) Law, 2008 as amended)

12 September 2024

BAKER STEEL RESOURCES TRUST LIMITED

(the "Company")

LEI: 213800JUXEVF1QLKCC27

Result of AGM

The Board of Directors of the Company are pleased to announce the results of the Company's Annual General Meeting held on Thursday 12 September 2024:

Resolutions 1 to 10 were all passed as proposed, by a majority in excess of 99%.

Resolutions 11 and 12, proposed as special resolutions, received votes of 72% in favour. Resolutions 11 and 12 therefore failed to pass with the required majority of 75%. The Board notes that an administrative issue appears to have led to the vote falling short. The Board will investigate this outcome and also engage with the relevant shareholders to understand their position and points of view.

Resolution 13 required every three years under the Articles of Incorporation which would have required the Directors to submit proposals for the discontinuation of the Company was rejected by a majority of 92% in accordance with the recommendation of the Board.

Further details of the Company and its investments are available on the Company's website www.bakersteelcap.com/baker-steel-resources-trust/

Enquiries:

Baker Steel Resources Trust Limited             +44 20 7389 8237

Francis Johnstone
Trevor Steel

Deutsche Numis                                              +44 20 7260 1000

David Benda (corporate)

James Glass (sales)

Aztec Financial Services (Guernsey) Limited

Company Secretary                                         +44 1481 749771