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 28 February 2023		£38.35m
Net Assets - including current period revenue* at 28 February 2023		£38.35m
Number of shares in issue (excluding treasury):		49,176,599
The Net Asset Value (NAV) per share at 28 February 2023 was:
Per Ordinary share (bid price) - including current period revenue*		77.99p
Per Ordinary share (bid price) - excluding current period revenue*		77.99p
Ordinary share price		65.70p
Premium/(Discount) to NAV (including current period revenue)		(15.76%)
* Current period revenue covers the period 01/03/2022 to 28/02/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	10.29%
2	Centaur Media Plc	9.08%
3	Flowtech Fluidpower Plc	8.53%
4	Hargreaves Services Plc	8.52%
5	Ramsdens Holdings Plc	6.57%
6	Synectics Plc	6.26%
7	Adept Technology Group Plc	6.24%
8	National World Plc	5.32%
9	Fireangel Safety Technology Plc	4.96%
10	Inspecs Group plc	4.61%
11	DigitalBox plc	4.50%
12	Volex Plc	4.09%
13	Equals Group Plc	3.90%
14	OnTheMarket plc	3.77%
15	Cash and other net current assets	3.74%
16	Journeo plc	3.70%
17	Theworks.co.uk Plc	2.26%
18	Tactus Holdings Limited	1.98%
19	Norman Broadbent Plc	1.43%
20	Real Good Food Company Plc	0.25%
	Total	100.00%