Home member state

BAKER STEEL RESOURCES TRUST LIMITED

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

26 February 2016

DISCLOSURE OF HOME MEMBER STATE

For the purposes of the Transparency Directive (Directive 2004/109/EC), as amended by the Transparency Directive Amending Directive (Directive 2013/50/EU) and DTR 6.4.2 of the Financial Conduct Authority's Disclosure Rules and Transparency Rules, the Home Member State of Baker Steel Resources Trust Limited is the United Kingdom.

For further information, please contact:

HSBC Securities Services (Guernsey) Limited + 44 (0)1481 717 851

Company Secretary