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 30 December 2022		£34.81m
Net Assets - including current period revenue* at 30 December 2022		£34.81m
Number of shares in issue (excluding treasury):		49,332,720
The Net Asset Value (NAV) per share at 30 December 2022 was:
Per Ordinary share (bid price) - including current period revenue*		70.56p
Per Ordinary share (bid price) - excluding current period revenue*		70.56p
Ordinary share price		57.20p
Premium/(Discount) to NAV (including current period revenue)		(18.94%)
* Current period revenue covers the period 01/03/2022 to 30/12/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Cash and other net current assets	15.15%
2	Real Good Food Plc (Loan Notes, including accrued interest)	11.90%
3	Hargreaves Services Plc	8.51%
4	Flowtech Fluidpower Plc	8.37%
5	Centaur Media Plc	7.12%
6	Ramsdens Holdings Plc	6.63%
7	Synectics Plc	5.80%
8	Volex Plc	5.72%
9	DigitalBox plc	5.28%
10	National World Plc	4.93%
11	Fireangel Safety Technology Plc	4.61%
12	Equals Group Plc	4.55%
13	Adept Technology Group Plc	3.54%
14	Tactus Holdings Limited	3.29%
15	Theworks.co.uk Plc	1.90%
16	Norman Broadbent Plc	1.36%
17	Real Good Food Company Plc	0.28%
	Other	1.06%
	Total	100.00%