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 October 2022		£34.51m
Net Assets - including current period revenue* at 31 October 2022		£34.51m
Number of shares in issue (excluding treasury):		49,332,720
The Net Asset Value (NAV) per share at 31 October 2022 was:
Per Ordinary share (bid price) - including current period revenue*		69.96p
Per Ordinary share (bid price) - excluding current period revenue*		69.96p
Ordinary share price		52.20p
Premium/(Discount) to NAV (including current period revenue)		(25.38%)
* Current period revenue covers the period 01/03/2022 to 31/10/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Cash and other net current assets	14.79%
2	Real Good Food Plc (Loan Notes, including accrued interest)	12.00%
3	Hargreaves Services Plc	8.14%
4	Flowtech Fluidpower Plc	8.04%
5	Centaur Media Plc	7.38%
6	Volex Plc	6.65%
7	DigitalBox plc	6.00%
8	Ramsdens Holdings Plc	5.69%
9	Synectics Plc	5.57%
10	National World Plc	5.11%
11	Fireangel Safety Technology Plc	4.65%
12	Equals Group Plc	4.59%
13	Adept Technology Group Plc	3.75%
14	Tactus Holdings Limited	3.32%
15	Theworks.co.uk Plc	2.01%
16	Norman Broadbent Plc	1.36%
17	Real Good Food Company Plc	0.20%
	Other	0.75%
	Total	100.00%