Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc

The Company announces:

Total Assets (including unaudited revenue reserves at 10/10/2017) of £52.86m

Net Assets (including unaudited revenue reserves at 10/10/2017) of £52.87m

The Net Asset Value (NAV) at 10/10/2017 was:

Number of shares in issue:

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

95.09p

55,600,002

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

95.52p

Ordinary share price

101.50p

Premium to NAV

6.75

%

*Current period revenue covers the period 09/05/2017 to 10/10/2017