Baker Steel Resources Trust August 2021 Monthly Report

Net Asset Value Statement

Net Asset Value

Baker Steel Resources Trust Limited (the “Company”) announces its unaudited net asset value per
share at 31 August 2021:

Net asset value per Ordinary Share: 96.6 pence

The NAV per share has decreased by 0.9% against the unaudited NAV at 30 July 2021, mainly
due to a decrease in the share price of Azarga Metals Corp on the TSX-V market.

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 August 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *