DSM: Net Asset Value(s) and Portfolio

Downing Strategic Micro-Cap Investment Trust Plc
LEI Code: 213800QMYPUW4POFFX69
Net Asset Values
The Company announces the following, all of which is unaudited:
Total Assets - including current period revenue* at 30 June 2023		£35.23m
Net Assets - including current period revenue* at 30 June 2023		£35.23m
Number of shares in issue (excluding treasury):		48,158,795
The Net Asset Value (NAV) per share at 30 June 2023 was:
Per Ordinary share (bid price) - including current period revenue*		73.14p
Per Ordinary share (bid price) - excluding current period revenue*		72.76p
Ordinary share price		63.25p
Premium/(Discount) to NAV (including current period revenue)		(13.53%)
* Current period revenue covers the period 01/03/2023 to 30/06/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	12.01%
2	Centaur Media Plc	8.94%
3	Volex Plc	8.21%
4	Ramsdens Holdings Plc	7.41%
5	Flowtech Fluidpower Plc	7.32%
6	Hargreaves Services Plc	6.89%
7	Journeo plc	5.65%
8	Synectics Plc	5.45%
9	National World Plc	5.20%
10	Inspecs Group plc	5.07%
11	Equals Group Plc	4.70%
12	Fireangel Safety Technology Plc	4.41%
13	DigitalBox plc	4.41%
14	Cash and other net current assets	3.94%
15	OnTheMarket plc	3.60%
16	Tactus Holdings Limited	2.80%
17	Theworks.co.uk Plc	2.31%
18	Norman Broadbent Plc	1.49%
19	Real Good Food Company Plc	0.19%
	Total	100.00%