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 29 July 2022		£41.77m
Net Assets - including current period revenue* at 29 July 2022		£41.77m
Number of shares in issue (excluding treasury):		49,519,882
The Net Asset Value (NAV) per share at 29 July 2022 was:
Per Ordinary share (bid price) - including current period revenue*		84.34p
Per Ordinary share (bid price) - excluding current period revenue*		83.84p
Ordinary share price		66.00p
Premium/(Discount) to NAV (including current period revenue)		(21.75%)
* Current period revenue covers the period 01/03/2022 to 29/07/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	12.16%
2	Cash and other net current assets	10.71%
3	Hargreaves Services Plc	9.38%
4	Flowtech Fluidpower Plc	8.10%
5	Centaur Media Plc	7.22%
6	Volex Plc	6.95%
7	Ramsdens Holdings Plc	6.85%
8	DigitalBox plc	6.61%
9	Fireangel Safety Technology Plc	5.90%
10	Synectics Plc	5.06%
11	Equals Group Plc	4.18%
12	Adept Technology Group Plc	4.14%
13	Tactus Holdings Limited	3.91%
14	National World Plc	3.85%
15	Theworks.co.uk Plc	2.22%
16	Norman Broadbent Plc	1.38%
17	Venture Life Group Plc	0.97%
18	Real Good Food Company Plc	0.36%
	Other	0.05%
	Total	100.00%