Baker Steel Resources Trust February 2022 Monthly Report

Net Asset Value Report

28 February 2022 Unaudited NAV Statement

Net Asset Value

Baker Steel Resources Trust Limited (the “Company”) announces its unaudited net asset value per share at 28 February 2022:

Net asset value per Ordinary Share: 91 pence The NAV per share has decreased by 4.7% against the unaudited NAV at 31 January 2022, largely due to a reduction in the carrying values of Polar Acquisition Limited and Azarga Metals Corporation following the Russian invasion of Ukraine as explained in more detail below.

The Company had a total of 106,462,502 Ordinary  Shares in issue with a further 700,000 shares held in treasury as at 28 February 2022.

Leave a Reply

Your email address will not be published.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