Baker Steel Regulatory News (BSRT)

BAKER STEEL RESOURCES TRUST LIMITED

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

13th September 2021

BAKER STEEL RESOURCES TRUST LTD

(the "Company")

2021 Annual General Meeting

The Company announces that the Annual General Meeting scheduled for 10am on 14 September 2021 is adjourned.

It has come to the attention of the Company that a major proxy voting agency responsible for advising on and the processing of shareholder votes has misinterpreted the Directors' recommendation in respect of Resolution 12 of the AGM being the resolution relating to the discontinuation of the Company. As a result, votes have been cast erroneously in favour of this resolution and therefore in favour of the discontinuation of the Company.

Shareholders who represent the majority of the voting shares of the Company, have been contacted and have confirmed that they did not wish the Company to be discontinued and that their votes have been incorrectly cast to vote in favour of the discontinuation. The Company therefore considers it is unreasonable to continue with the AGM and the Directors have exercised their authority under Article 56 of the Articles of the Company to postpone the AGM

Details of the revised meeting date and time (and the appropriate process to ensure that shareholder votes are correctly reflected) will be provided in due course.

Enquiries:

Baker Steel Resources Trust Limited +44 20 7389 8237

Francis JohnstoneTrevor Steel

Numis Securities Limited +44 20 7260 1000

David Benda (Corporate)

James Glass (sales)

HSBC Securities Services (Guernsey) Limited

Company Secretary + 44 (0)1481 717 852