BAKER STEEL RESOURCES TRUST LIMITED

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

25 June 2024

Appointment of Director

Baker Steel Resources Trust Limited ("the Company") is pleased to announce the appointment of Mr. Patrick Meier as an independent non-executive director with immediate effect. 

Mr. Meier has served as a director of investment companies listed on recognised stock exchanges.  He recently stepped down as Chairman of Ecora Resources plc. Ecora Resources is the leading royalty and streaming business listed on the London Stock Exchange, with investments in a wide range of projects focused on forward looking commodities such as copper, nickel, cobalt and vanadium. Mr. Meier was instrumental in leading Ecora's growth and transformation.

He also acted as Chairman of Firestone Diamonds plc, which was traded on the Alternative Investment Market of the London Stock Exchange.

Mr. Meier has over 30 years of experience in investment banking with specialist knowledge of the mining sector. Mr. Meier headed up the investment banking activities for RBC Capital Markets in Europe and Asia and drove a major expansion of RBC's European presence. Prior to this role, he headed up RBC's activities in the Metals and Mining sector in Europe, Africa and Asia for many years, and continues to enjoy strong relationships within the sector. Mr. Meier also served as a Director on the Board of RBC's main operating subsidiary in Europe. 

It is confirmed that there are no other details to be disclosed concerning Mr. Meier under Listing Rule 9.6.13 R.

At the date of this announcement, Mr. Meier holds 82,261 shares in the Company.

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