DSM: Net Asset Value(s)

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 29 April 2022		£44.43m
Net Assets - including current period revenue* at 29 April 2022		£44.43m
Number of shares in issue (excluding treasury):		49,619,882
The Net Asset Value (NAV) per share at 29 April 2022 was:
Per Ordinary share (bid price) - including current period revenue*		89.55p
Per Ordinary share (bid price) - excluding current period revenue*		88.68p
Ordinary share price		71.50p
Premium/(Discount) to NAV (including current period revenue)		(20.16%)
* Current period revenue covers the period 01/03/2021 to 29/04/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	11.22%
2	Hargreaves Services Plc	10.05%
3	Ramsdens Holdings Plc	8.42%
4	Cash and other net current assets	8.08%
5	Flowtech Fluidpower Plc	7.80%
6	Volex Plc	7.77%
7	Fireangel Safety Technology Plc	7.35%
8	Centaur Media Plc	6.79%
9	DigitalBox plc	6.21%
10	Adept Technology Group Plc	5.22%
11	Synectics Plc	4.97%
12	National World Plc	4.86%
13	Tactus Holdings Limited	3.67%
14	Venture Life Group Plc	1.77%
15	Norman Broadbent Plc	1.04%
16	Real Good Food Company Plc	0.27%
	Other	4.51%
	Total	100.00%