Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc

The Company announces:

Total Assets (including unaudited revenue reserves at 12/10/2017) of £52.75m

Net Assets (including unaudited revenue reserves at 12/10/2017) of £52.76m

The Net Asset Value (NAV) at 12/10/2017 was:

Number of shares in issue:

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

94.9p

55,600,002

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

95.33p

Ordinary share price

100.13p

Premium to NAV

5.51

%

*Current period revenue covers the period 09/05/2017 to 12/10/2017