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)

25 September 2025

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 ("AGM") held on Wednesday 24 September 2025:

Resolutions 1 to 9 were all passed as proposed, by a majority in excess of 99%.

Resolutions 10 and 11, proposed as special resolutions, received votes of 72% in favour. Resolutions 10 and 11 therefore failed to pass with the required majority of 75%. The Company has become aware of a late proxy which had been voted in favour, which if received prior to the AGM, would have resulted in both resolutions having been passed by 78% in favour.

Further details of the Company and its investments are available on the Baker Steel Capital Managers website: www.bakersteelcap.com

Enquiries:

Baker Steel Resources Trust Limited +44 20 7389 8237

Francis JohnstoneTrevor Steel

Shore Capital +44 20 7408 4050

Henry Willcocks (Corporate Broking)

Gillian Martin, Daphne Zhang (Corporate)

Adam Gill (Sales)

Aztec Financial Services (Guernsey) Limited

Company Secretary +44 1481 749771