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 2021		£43.27m
Net Assets - including current period revenue* at 31 March 2021		£43.27m
Number of shares in issue (excluding treasury):		52,034,432
The Net Asset Value (NAV) per share at 31 March 2021 was:
Per Ordinary share (bid price) - including current period revenue*		83.15p
Per Ordinary share (bid price) - excluding current period revenue*		82.05p
Ordinary share price		72.50p
Premium/(Discount) to NAV (including current period revenue)		(12.81%)
* Current period revenue covers the period 01/03/2020 to 31/03/2021 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Volex Plc	16.53%
2	Real Good Food Plc (Loan Notes)	15.96%
3	Cash and other net current assets	14.13%
4	Hargreaves Services Plc	7.75%
5	Adept Technology Group Plc	7.13%
6	Ramsdens Holdings Plc	7.09%
7	Synectics Plc	5.77%
8	Venture Life Group Plc	4.73%
9	Fireangel Safety Technology Plc	4.56%
10	Flowtech Fluidpower Plc	4.42%
11	Duke Royalty Ltd	4.06%
12	DigitalBox plc	3.68%
13	Real Good Food Company Plc	0.43%
	Other	3.76%
	Total	100.00%