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 30 November 2023		£29.87m
Net Assets - including current period revenue* at 30 November 2023		£29.87m
Number of shares in issue (excluding treasury):		46,608,486
The Net Asset Value (NAV) per share at 30 November 2023 was:
Per Ordinary share (bid price) - including current period revenue*		64.09p
Per Ordinary share (bid price) - excluding current period revenue*		64.09p
Ordinary share price		56.50p
Premium/(Discount) to NAV (including current period revenue)		(11.84%)
* Current period revenue covers the period 01/03/2023 to 30/11/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Volex Plc	10.06%
2	OnTheMarket plc	8.92%
3	Centaur Media Plc	8.75%
4	Journeo plc	8.13%
5	Fireangel Safety Technology Plc	7.98%
6	Hargreaves Services Plc	7.12%
7	Flowtech Fluidpower Plc	7.12%
8	Equals Group Plc	6.59%
9	Synectics Plc	6.43%
10	Cash and other net current assets	6.18%
11	Ramsdens Holdings Plc	5.57%
12	National World Plc	5.41%
13	Inspecs Group plc	4.25%
14	Theworks.co.uk Plc	2.57%
15	DigitalBox plc	2.54%
16	Norman Broadbent Plc	1.71%
17	Tactus Holdings Limited	0.67%
18	Real Good Food Company Plc (Equity and Loan Notes, including accrued interest)	0.00%
	Total	100.00%