DSM: Net Asset Value(s)

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 03 November 2023		£33.09m
Net Assets - including current period revenue* at 03 November 2023		£33.09m
Number of shares in issue (excluding treasury):		46,608,486
The Net Asset Value (NAV) per share at 03 November 2023 was:
Per Ordinary share (bid price) - including current period revenue*		71.00p
Per Ordinary share (bid price) - excluding current period revenue*		71.00p
Ordinary share price		58.75p
Premium/(Discount) to NAV (including current period revenue)		(17.26%)
* Current period revenue covers the period 01/03/2023 to 03/11/2023 and includes undistributed revenue in respect of that period.
Following a recent trading update released by Real Good Food plc, the Board has reviewed the valuation of the loan stock
investment in Real Good Food plc and revalued it to £2.6M (including interest and redemption premium) (previously £4.235M).