BAKER STEEL RESOURCES TRUST LIMITED

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

7^th October 2021

30 September 2021 Unaudited NAV Statement (correction)

The Company wishes to correct the update in the NAV statement relating to First Tin Limited ("First Tin"). The NAV statement announced that First Tin is planning an IPO in 2021. This should correctly read that the IPO is expected in 2022.

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 Johnstone
Trevor 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