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 28 February 2022		£43.06m
Net Assets - including current period revenue* at 28 February 2022		£43.06m
Number of shares in issue (excluding treasury):		50,402,145
The Net Asset Value (NAV) per share at 28 February 2022 was:
Per Ordinary share (bid price) - including current period revenue*		85.43p
Per Ordinary share (bid price) - excluding current period revenue*		84.89p
Ordinary share price		72.75p
Premium/(Discount) to NAV (including current period revenue)		(14.84%)
* Current period revenue covers the period 01/03/2021 to 28/02/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	10.27%
2	Hargreaves Services Plc	10.09%
3	Volex Plc	9.98%
4	Cash and other net current assets	8.41%
5	Flowtech Fluidpower Plc	7.92%
6	Ramsdens Holdings Plc	7.80%
7	DigitalBox plc	7.39%
8	Centaur Media Plc	6.54%
9	Fireangel Safety Technology Plc	6.28%
10	Adept Technology Group Plc	5.16%
11	National World Plc	4.97%
12	Synectics Plc	4.91%
13	Tactus Holdings Limited	3.79%
14	Venture Life Group Plc	1.98%
15	Norman Broadbent Plc	1.23%
16	Real Good Food Company Plc	0.40%
	Other	2.88%
	Total	100.00%