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 December 2023		£31.20m
Net Assets - including current period revenue* at 29 December 2023		£31.20m
Number of shares in issue (excluding treasury):		46,608,486
The Net Asset Value (NAV) per share at 29 December 2023 was:
Per Ordinary share (bid price) - including current period revenue*		66.94p
Per Ordinary share (bid price) - excluding current period revenue*		66.94p
Ordinary share price		59.25p
Premium/(Discount) to NAV (including current period revenue)		(11.49%)
* Current period revenue covers the period 01/03/2023 to 29/12/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Cash and other net current assets	18.06%
2	Centaur Media Plc	9.88%
3	Volex Plc	9.84%
4	Synectics Plc	8.62%
5	Journeo plc	8.04%
6	Flowtech Fluidpower Plc	6.97%
7	Equals Group Plc	6.50%
8	Fireangel Safety Technology Plc	6.36%
9	Hargreaves Services Plc	5.93%
10	Ramsdens Holdings Plc	5.25%
11	National World Plc	4.49%
12	Inspecs Group plc	2.89%
13	Theworks.co.uk Plc	2.39%
14	DigitalBox plc	2.21%
15	Norman Broadbent Plc	1.93%
16	Tactus Holdings Limited	0.64%
17	Real Good Food Company Plc (Equity and Loan Notes, including accrued interest)	0.00%
	Total	100.00%