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 29 September 2023		£33.10m
Net Assets - including current period revenue* at 29 September 2023		£33.10m
Number of shares in issue (excluding treasury):		46,926,475
The Net Asset Value (NAV) per share at 29 September 2023 was:
Per Ordinary share (bid price) - including current period revenue*		70.54p
Per Ordinary share (bid price) - excluding current period revenue*		70.19p
Ordinary share price		59.00p
Premium/(Discount) to NAV (including current period revenue)		(16.36%)
* Current period revenue covers the period 01/03/2023 to 29/09/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	12.80%
2	Volex Plc	9.69%
3	Centaur Media Plc	7.49%
4	Flowtech Fluidpower Plc	7.37%
5	Journeo plc	7.34%
6	Hargreaves Services Plc	6.45%
7	Synectics Plc	6.09%
8	Equals Group Plc	5.87%
9	National World Plc	5.70%
10	Ramsdens Holdings Plc	5.27%
11	Cash and other net current assets	5.17%
12	OnTheMarket plc	4.51%
13	Inspecs Group plc	4.38%
14	Theworks.co.uk Plc	3.14%
15	Tactus Holdings Limited	2.51%
16	DigitalBox plc	2.22%
17	Fireangel Safety Technology Plc	2.18%
18	Norman Broadbent Plc	1.59%
19	Real Good Food Company Plc	0.23%
	Total	100.00%