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 31 August 2022		£39.46m
Net Assets - including current period revenue* at 31 August 2022		£39.46m
Number of shares in issue (excluding treasury):		49,519,882
The Net Asset Value (NAV) per share at 31 August 2022 was:
Per Ordinary share (bid price) - including current period revenue*		79.68p
Per Ordinary share (bid price) - excluding current period revenue*		79.21p
Ordinary share price		60.80p
Premium/(Discount) to NAV (including current period revenue)		(23.70%)
* Current period revenue covers the period 01/03/2022 to 31/08/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	12.96%
2	Cash and other net current assets	12.56%
3	Flowtech Fluidpower Plc	8.29%
4	Hargreaves Services Plc	8.28%
5	Centaur Media Plc	7.47%
6	Fireangel Safety Technology Plc	6.35%
7	Volex Plc	6.26%
8	Ramsdens Holdings Plc	6.00%
9	DigitalBox plc	5.83%
10	Synectics Plc	5.45%
11	Adept Technology Group Plc	4.22%
12	Tactus Holdings Limited	4.14%
13	Equals Group Plc	4.11%
14	National World Plc	3.76%
15	Theworks.co.uk Plc	1.43%
16	Norman Broadbent Plc	1.27%
17	Venture Life Group Plc	0.68%
18	Real Good Food Company Plc	0.30%
	Other	0.64%
	Total	100.00%