Net Asset Value
Baker Steel Resources Trust Limited (the “Company”) announces its unaudited net asset value per
share at 31 January 2022:
Net asset value per Ordinary Share: 95.5 pence
The NAV per share has decreased by 2.9% against the unaudited NAV at 31 December 2021,
largely due to falls in the listed holdings during January 2022 in particular Tungsten West PLC
which fell 16.4% on the AIM Market of the London Stock Exchange during the month.
The Company had a total of 106,462,502 Ordinary Shares in issue with a further 700,000 shares
held in treasury as at 31 December 2021.