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)

11 May 2016

BAKER STEEL RESOURCES TRUST LTD

(the "Company")

2016 Annual General Meeting

The Company announces a correction to the notice of its Annual General Meeting.

Resolution 8 should read:

That the maximum remuneration of the Directors for the year ended 31 December 2016 be fixed at an aggregate amount of £200,000.

The corrected notice is attached:

Further details of the Company and its investments are available on the Company's website www.bakersteelresourcestrust.com 

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 717 851

BAKER STEEL RESOURCES TRuST Limited

(the "Company")

(incorporated in Guernsey with registered number: 51576 )

NOTICE OF 2016 ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT the 2016 Annual General Meeting of the Company will be held at Arnold House, St Julian's Avenue, St Peter Port, Guernsey, GY1 3NF on Friday 10th June 2016 at 10.00 am for the purpose of considering and, if thought fit, passing the following resolutions:

Ordinary Resolutions

1. That the financial statements of the Company for the period ended 31 December 2015 and the reports of the Directors and the auditors thereon be received and adopted.

2. That the reappointment of Ernst & Young LLP (the "Auditors") of Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey, GY1 4AF as auditors of the Company for the year ended 31 December 2016, be approved and ratified.

3. That Howard Myles, being eligible and offering himself for re-election, be re-elected as a Director of the Company.

4. That Charles Hansard, being eligible and offering himself for re-election, be re-elected as a Director of the Company.

5. That Clive Newall, being eligible and offering himself for re-election, be re-elected as a Director of the Company.

6. That Christopher Sherwell, being eligible and offering himself for re-election, be re-elected as a Director of the Company.

7. That the Directors be and are hereby authorised to fix the remuneration of the Auditors for the year ended 31 December 2016.

8. That the maximum remuneration of the Directors for the year ended 31 December 2016 be fixed at an aggregate amount of £200,000.

Special Resolutions

9. That the Articles of Incorporation be amended to allow the withholding of 30% tax under FATCA.

Dated 21 April 2016

By order of the Board