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 March 2022		£43.83m
Net Assets - including current period revenue* at 31 March 2022		£43.83m
Number of shares in issue (excluding treasury):		50,003,685
The Net Asset Value (NAV) per share at 31 March 2022 was:
Per Ordinary share (bid price) - including current period revenue*		87.66p
Per Ordinary share (bid price) - excluding current period revenue*		86.84p
Ordinary share price		67.00p
Premium/(Discount) to NAV (including current period revenue)		(23.57%)
* Current period revenue covers the period 01/03/2021 to 31/03/2022 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	11.31%
2	Cash and other net current assets	9.97%
3	Hargreaves Services Plc	9.77%
4	Flowtech Fluidpower Plc	8.42%
5	Volex Plc	8.06%
6	Ramsdens Holdings Plc	7.44%
7	Centaur Media Plc	7.03%
8	DigitalBox plc	6.82%
9	Fireangel Safety Technology Plc	5.85%
10	Synectics Plc	5.70%
11	National World Plc	5.09%
12	Adept Technology Group Plc	4.56%
13	Tactus Holdings Limited	3.72%
14	Venture Life Group Plc	1.75%
15	Norman Broadbent Plc	1.05%
16	Real Good Food Company Plc	0.34%
	Other	3.12%
	Total	100.00%