Director Declaration

BAKER STEEL RESOURCES TRUST LIMITED

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

19 October 2018

BAKER STEEL RESOURCES TRUST LTD

Director Declaration

Baker Steel Resources Trust Limited ('BSRT' or the 'Company') announces, in accordance with Listing Rule 9.6.14 that Mr Christopher Sherwell, a Director of the Company, was appointed as Chairman of Trian Investors 1 Limited on 24 August 2018. With effect from 08:00am, 27 September 2018, Trian Investors 1 Limited was listed on the Specialist Fund Segment of the London Stock Exchange.

Enquiries:

HSBC Securities Services (Guernsey) Limited + 44 (0)1481 717852

Company Secretary