Director/PDMR Shareholding

D owning Strategic Micro-Cap Investment Trust plc
LEI: 213800QMYPUW4POFFX69
Director/PDMR Shareholding
9 March 2023

Downing Strategic Micro-Cap Investment Trust plc (“the Company”) announces that it has been notified of market purchases and sale of shares on 9 March 2023 by Hugh Aldous, a non-executive director of the Company.

Individual/Entity	Purchase/ sale	Shares	Price per share
Hugh Aldous (ISA)	Purchase	30,000	65.10p
Closely associated person (Wife - Christabel Aldous)	Purchase	30,000	65.03p
Hugh Aldous	Sale	60,300	65.00p

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hugh Aldous
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Downing Strategic Micro-Cap Investment Trust plc
b)	LEI	213800QMYPUW4POFFX69
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	ORDINARY SHARES OF 0.1P EACH
	Identification code	ISIN:  GB00BF0SCX52
b)	Nature of the transaction	(i)    MARKET PURCHASE OF 30,000 ORDINARY SHARES (IN ISA) (ii)    MARKET PURCHASE OF 30,000 ORDINARY SHARES (BY WIFE) (iii)    MARKET SALE OF 60,300 ORDINARY SHARES
c)	Price(s) and volume(s)	Price(s)                (i) £0.6510                (ii) £0.6503                (iii) £0.6500	Volume(s) 30,000 30,000 60,300
d)	Aggregated information
	- Aggregated volume  - Price	300 Ordinary shares (net sale) £0.65
e)	Date of the transaction	9 March 2023
f)	Place of the transaction	London Stock Exchange Main Market (XLON)