Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc
LEI Code: 213800QMYPUW4POFFX69
Net Asset Value
The Company announces:
Total Assets (including unaudited revenue reserves) at 31 December 2020		£40.59m
Net Assets (including unaudited revenue reserves) at 31 December 2020		£40.59m
Number of shares in issue (excluding treasury):		52,759,321
The Net Asset Value (NAV) per share at 31 December 2020 was:
Per Ordinary share (bid price) - including unaudited current period revenue *		76.93p
Per Ordinary share (bid price) - excluding current period revenue *		76.13p
Ordinary share price		59.00p
Premium/(Discount) to NAV (including current period revenue)		(23.31%)
* Current period revenue covers the period 01/03/2020 to 31/12/2020
Portolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes)	17.01%
2	Cash and other net current assets	16.34%
3	Volex Plc	16.10%
4	Hargreaves Services Plc	6.66%
5	Fireangel Safety Technology Plc	6.61%
6	Adept Technology Group Plc	6.57%
7	Ramsdens Holdings Plc	6.38%
8	Venture Life Group Plc	5.46%
9	Synectics Plc	4.73%
10	DigitalBox plc	3.74%
11	Duke Royalty Ltd	3.40%
12	Real Good Food Company Plc	0.52%
	Other	6.48%
	Total	100.00%