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 October 2023		£34.56m
Net Assets - including current period revenue* at 31 October 2023		£34.56m
Number of shares in issue (excluding treasury):		46,608,486
The Net Asset Value (NAV) per share at 31 October 2023 was:
Per Ordinary share (bid price) - including current period revenue*		74.15p
Per Ordinary share (bid price) - excluding current period revenue*		73.79p
Ordinary share price		57.75p
Premium/(Discount) to NAV (including current period revenue)		(22.12%)
* Current period revenue covers the period 01/03/2023 to 31/10/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	12.27%
2	Volex Plc	8.34%
3	OnTheMarket plc	7.71%
4	Centaur Media Plc	7.17%
5	Fireangel Safety Technology Plc	6.79%
6	Journeo plc	6.53%
7	Flowtech Fluidpower Plc	6.42%
8	Hargreaves Services Plc	5.92%
9	Synectics Plc	5.56%
10	Equals Group Plc	5.31%
11	National World Plc	5.14%
12	Ramsdens Holdings Plc	4.93%
13	Cash and other net current assets	4.26%
14	Inspecs Group plc	3.75%
15	Theworks.co.uk Plc	3.17%
16	Tactus Holdings Limited	2.40%
17	DigitalBox plc	2.33%
18	Norman Broadbent Plc	1.65%
19	Real Good Food Company Plc	0.35%
	Total	100.00%