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 November 2022		£35.11m
Net Assets - including current period revenue* at 30 November 2022		£35.11m
Number of shares in issue (excluding treasury):		49,332,720
The Net Asset Value (NAV) per share at 30 November 2022 was:
Per Ordinary share (bid price) - including current period revenue*		71.16p
Per Ordinary share (bid price) - excluding current period revenue*		71.16p
Ordinary share price		58.80p
Premium/(Discount) to NAV (including current period revenue)		(17.37%)
* Current period revenue covers the period 01/03/2022 to 30/11/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Cash and other net current assets	15.04%
2	Real Good Food Plc (Loan Notes, including accrued interest)	11.80%
3	Flowtech Fluidpower Plc	8.14%
4	Hargreaves Services Plc	7.46%
5	Centaur Media Plc	7.25%
6	Ramsdens Holdings Plc	6.57%
7	Volex Plc	6.14%
8	Synectics Plc	5.75%
9	DigitalBox plc	5.57%
10	National World Plc	5.28%
11	Fireangel Safety Technology Plc	4.62%
12	Equals Group Plc	4.61%
13	Adept Technology Group Plc	3.87%
14	Tactus Holdings Limited	3.26%
15	Theworks.co.uk Plc	1.83%
16	Norman Broadbent Plc	1.34%
17	Real Good Food Company Plc	0.36%
	Other	1.11%
	Total	100.00%