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 August 2023		£33.94m
Net Assets - including current period revenue* at 31 August 2023		£33.94m
Number of shares in issue (excluding treasury):		47,421,927
The Net Asset Value (NAV) per share at 31 August 2023 was:
Per Ordinary share (bid price) - including current period revenue*		71.57p
Per Ordinary share (bid price) - excluding current period revenue*		71.39p
Ordinary share price		60.25p
Premium/(Discount) to NAV (including current period revenue)		(15.81%)
* Current period revenue covers the period 01/03/2023 to 31/08/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	12.48%
2	Volex Plc	9.75%
3	Flowtech Fluidpower Plc	7.52%
4	Centaur Media Plc	7.50%
5	Hargreaves Services Plc	7.00%
6	Synectics Plc	5.94%
7	Journeo plc	5.76%
8	Ramsdens Holdings Plc	5.75%
9	Cash and other net current assets	5.34%
10	Equals Group Plc	5.14%
11	National World Plc	5.08%
12	Inspecs Group plc	5.01%
13	OnTheMarket plc	3.89%
14	DigitalBox plc	3.73%
15	Fireangel Safety Technology Plc	3.51%
16	Tactus Holdings Limited	2.44%
17	Theworks.co.uk Plc	2.39%
18	Norman Broadbent Plc	1.55%
19	Real Good Food Company Plc	0.22%
	Total	100.00%