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 30 April 2021		£46.52m
Net Assets - including current period revenue* at 30 April 2021		£46.52m
Number of shares in issue (excluding treasury):		51,978,201
The Net Asset Value (NAV) per share at 30 April 2021 was:
Per Ordinary share (bid price) - including current period revenue*		89.50p
Per Ordinary share (bid price) - excluding current period revenue*		88.30p
Ordinary share price		76.50p
Premium/(Discount) to NAV (including current period revenue)		(14.53%)
* Current period revenue covers the period 01/03/2020 to 30/04/2021 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes)	16.04%
2	Volex Plc	12.99%
3	Cash and other net current assets	12.85%
4	Adept Technology Group Plc	8.22%
5	Hargreaves Services Plc	7.59%
6	Ramsdens Holdings Plc	6.68%
7	Fireangel Safety Technology Plc	6.33%
8	Flowtech Fluidpower Plc	5.74%
9	Synectics Plc	5.58%
10	Venture Life Group Plc	4.45%
11	DigitalBox plc	3.32%
12	Tactus Holdings Limited	3.26%
13	Duke Royalty Ltd	2.42%
14	Real Good Food Company Plc	0.31%
	Other	4.22%
	Total	100.00%