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 July 2023		£34.74m
Net Assets - including current period revenue* at 31 July 2023		£34.74m
Number of shares in issue (excluding treasury):		47,752,975
The Net Asset Value (NAV) per share at 31 July 2023 was:
Per Ordinary share (bid price) - including current period revenue*		72.75p
Per Ordinary share (bid price) - excluding current period revenue*		72.39p
Ordinary share price		62.50p
Premium/(Discount) to NAV (including current period revenue)		(14.09%)
* Current period revenue covers the period 01/03/2023 to 31/07/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	12.18%
2	Volex Plc	8.48%
3	Centaur Media Plc	8.29%
4	Hargreaves Services Plc	7.72%
5	Flowtech Fluidpower Plc	7.35%
6	Ramsdens Holdings Plc	6.66%
7	Inspecs Group plc	5.92%
8	Synectics Plc	5.81%
9	National World Plc	5.74%
10	Journeo plc	5.45%
11	Equals Group Plc	5.13%
12	DigitalBox plc	3.97%
13	OnTheMarket plc	3.73%
14	Cash and other net current assets	3.55%
15	Fireangel Safety Technology Plc	3.12%
16	Tactus Holdings Limited	2.83%
17	Theworks.co.uk Plc	2.49%
18	Norman Broadbent Plc	1.39%
19	Real Good Food Company Plc	0.19%
	Total	100.00%