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 30 June 2022		£39.18m
Net Assets - including current period revenue* at 30 June 2022		£39.18m
Number of shares in issue (excluding treasury):		49,519,882
The Net Asset Value (NAV) per share at 30 June 2022 was:
Per Ordinary share (bid price) - including current period revenue*		79.12p
Per Ordinary share (bid price) - excluding current period revenue*		78.64p
Ordinary share price		62.50p
Premium/(Discount) to NAV (including current period revenue)		(21.01%)
* Current period revenue covers the period 01/03/2022 to 30/06/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	12.89%
2	Hargreaves Services Plc	9.50%
3	Cash and other net current assets	9.43%
4	Ramsdens Holdings Plc	8.53%
5	Flowtech Fluidpower Plc	8.14%
6	Centaur Media Plc	7.35%
7	Volex Plc	6.24%
8	DigitalBox plc	5.57%
9	Fireangel Safety Technology Plc	5.52%
10	Synectics Plc	4.90%
11	Adept Technology Group Plc	4.25%
12	Tactus Holdings Limited	4.17%
13	National World Plc	4.10%
14	Equals Group Plc	3.54%
15	Theworks.co.uk Plc	2.09%
16	Venture Life Group Plc	1.71%
17	Norman Broadbent Plc	1.65%
18	Real Good Food Company Plc	0.42%
	Total	100.00%