Golden Prospect Precious Metals

30/10/2026 Net Asset Value Per Share: 94.73p | Current Ordinary Share Price: | Share price data from the London Stock Exchange: Ordinary shares | Yield: c.6% (see dividend policy below)

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The Company’s shares are listed on the Main Market of the London Stock Exchange under ticker GPM.L.

Baker Steel Capital Managers LLP (“Baker Steel”) was appointed the Company’s Investment Manager on 19 October 2026.

Golden Prospect Precious Metals Trust (“GPPM”) seeks to deliver attractive returns, both in the form of capital growth and attractive regular dividends, with any dividends to be funded in whole or in part by income and/or capital reserves.

GPPM seeks to achieve its objective by investing in a portfolio of listed small and mid-cap companies involved in the gold, silver and other precious metals mining sector, diversified across explorers, developers and producers.

The Company’s current dividend policy, announced on 10 July 2026, is to target an annual dividend of c. 6% to be paid quarterly at a rate of 1.5% of the NAV per ordinary share at the end of the preceding quarter. This is a target and not a forecast. There can be no assurance that any such dividends will be payable.

In accordance with this policy, the Board has declared an interim dividend in respect of the Company’s ordinary shares for the quarter ended 30 September 2026, as follows:

  • Ex-Dividend Date: 22 October 2026
  • Record Date: 23 October 2026
  • Payment Date: 12 November 2026
  • Dividend per Ordinary Share: 1.77 pence per Ordinary Share

Baker Steel Capital Managers LLP (“Baker Steel”) has extensive experience in the management of funds, investing in the natural resources, gold and precious metals sectors.

The firm was founded in 2001 and has offices in London and Perth enabling 24 hour coverage of world markets. Their investment team benefits from strong technical backgrounds in the geo-sciences, mining, geology and engineering.

Baker Steel manages substantial assets on behalf of a broad range of financial institutions, wealth managers and professional investors.

GPPM’s board of independent directors has substantial investment sector experience and industry expertise.

The board consists of:

  • Monica Tepes, Chair
  • Helen Green
  • Christopher Waldron

Biographies for the board members can be viewed here.

Chair: Monica Tepes, via Company Secretary, GPPML@nsm.group

Company Secretary: NSM Funds Limited, GPPML@nsm.group

Investment Manager: Baker Steel, enquiries@bakersteelcap.com

Broker: Cavendish Capital Markets Limited, +44 (0)20 7220 0500

Les Echelons Court, St Peter Port, Guernsey, GY1 4AN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN BAKER STEEL RESOURCES TRUST LIMITED (Incorporated in Guernsey with registered number 51576 under the provisions of The Companies (Guernsey) Law, 2008 as amended).

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