Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc

The Company announces:

Total Assets (including unaudited revenue reserves at 08/02/2018) of £51.26m

Net Assets (including unaudited revenue reserves at 08/02/2018) of £51.32m

The Net Asset Value (NAV) at 08/02/2018 was:

Number of shares in issue:

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

92.3p

55,600,002

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

92.36p

Ordinary share price

90.50p

Premium to NAV

(1.95)

%

*Current period revenue covers the period 09/05/2017 to 08/02/2018