Investment Manager and Advisers for Baker Steel Resources Trust Ltd.

Investment Manager

Baker Steel Capital Managers LLP Trevor Steel, David Baker

FSA regulated, established in 2001, natural resources asset management specialists; principals were founding members of BlackRock mining team in 1992 Head Office in London and branch office in Sydney Around US$1.7bn AUM spread across a number of funds, all with a natural resources focus Investment expertise underpinned by strong technical and practical backgrounds in mining, geology and engineering Fundamental value-oriented investment approach

Public market expertise and deal flow

Investment Advisers
AWR Lloyd Capital Ltd		Rock Capital Partners Ltd
Jeremy Ayre		Stephen Fabian, Francis Johnstone
Independent advisory firm with focus on energy, mining and metals within the Asia Pacific region Strong relationship with AWR Lloyd; specialists in M&A advisory, corporate strategy, industry research and commercial advisory Principal has proven record in creating value		Proven ability to develop and manage mining operations Strong network of projects and teams within industry particularly in Africa and Latin America Ability to work with management teams on financing, development and listing strategies
Manage valuation and advisory aspects and coordinate evaluation process to the Investment Committee		Venture capital firm - originate deals for BSRT and facilitate value extraction from investments