DSM: Net Asset Value(s)

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 December 2021		£43.15m
Net Assets - including current period revenue* at 31 December 2021		£43.15m
Number of shares in issue (excluding treasury):		50,890,681
The Net Asset Value (NAV) per share at 31 December 2021 was:
Per Ordinary share (bid price) - including current period revenue*		84.80p
Per Ordinary share (bid price) - excluding current period revenue*		84.30p
Ordinary share price		69.50p
Premium/(Discount) to NAV (including current period revenue)		(18.04%)
* Current period revenue covers the period 01/03/2021 to 31/12/2021 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Cash and other net current assets	13.88%
2	Volex Plc	12.24%
3	Real Good Food Plc (Loan Notes, including accrued interest)	10.12%
4	Hargreaves Services Plc	9.83%
5	Flowtech Fluidpower Plc	8.71%
6	Centaur Media Plc	8.07%
7	Ramsdens Holdings Plc	7.20%
8	Adept Technology Group Plc	6.18%
9	Fireangel Safety Technology Plc	6.04%
10	DigitalBox plc	4.82%
11	Synectics Plc	4.23%
12	Tactus Holdings Limited	3.78%
13	Venture Life Group Plc	1.46%
14	Real Good Food Company Plc	0.49%
	Other	2.95%
	Total	100.00%