Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc

The Company announces:

Total Assets (including unaudited revenue reserves at 09/08/2017) of £53.5m

Net Assets (including unaudited revenue reserves at 09/08/2017) of £53.54m

The Net Asset Value (NAV) at 09/08/2017 was:

Number of shares in issue:

Per Ordinary share (bid price) - including unaudited current period revenue*

96.3p

55,600,002

Per Ordinary share (bid price) - excluding current period revenue*

96.64p

Ordinary share price

101.75p

Premium to NAV

5.66

%

*Current period revenue covers the period 09/05/2017 to 09/08/2017