Transaction in Own Shares

Downing Strategic Micro-Cap Investment Trust Plc
LEI: 213800QMYPUW4POFFX69
Transaction in Own Shares
13 May 2020

Downing Strategic Micro-Cap Investment Trust Plc announces the following purchases of its own shares:

Date of trade		No. purchased		Price paid per share		% of shares in issue
12 May 2020		130,000		48.0p		0.2%
13 May 2020		100,000		48.0p		0.2%

The shares purchased will be held in treasury.

Following these transactions, the company has 54,600,002 shares in issue plus 950,000 shares held in treasury.  The total voting rights in the company is therefore 54,600,002.