Baker Steel Resources Trust Ltd Director/PDMR Shareholding (0159G)

TIDMBSRT

RNS Number : 0159G

Baker Steel Resources Trust Ltd

26 February 2015

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 2015

Director Shareholding.

Christopher Sherwell, a Director of the Company, held 513 US$ class shares in GNRF (representing 0.24 per cent. of GNRF's net asset value as at 31 December 2014 (unaudited)). As set out in the Circular to shareholders dated 26 January 2015, Mr Sherwell has rolled-over his interest in GNRF in exchange for 71,820 Acquisition Shares pursuant to the Scheme of Reorganisation. Following the issue of these Acquisition Shares Mr Sherwell holds Ordinary Shares representing 0.09 per cent. of the issued Ordinary Share Capital.

Enquiries:

   Baker Steel Resources Trust Limited                 +44 20 7389 8237

Francis Johnstone

Trevor Steel

   Numis Securities Limited                                   +44 20 7260 1000

David Benda (corporate)

James Glass (sales)

The Net Asset Value ("NAV") figure stated is based on unaudited estimated valuations of the underlying investments and not necessarily based on observable inputs. Such estimates are not subject to any independent verification or other due diligence and may not comply with generally accepted accounting practices or other generally accepted valuation principles. In addition, some estimated valuations are based on the latest available information which may relate to some time before the date set out above.

Accordingly, no reliance should be placed on such estimated valuations and they should only be taken as an indicative guide. Other risk factors which may be relevant to the NAV figure is set out in the Company's Prospectus dated 31 March 2010.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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