Net Asset Value(s)

Downing Strategic Micro-Cap Investment Trust Plc

The Company announces:

Total Assets (including unaudited revenue reserves at 06/07/2017) of £54.34m

Net Assets (including unaudited revenue reserves at 06/07/2017) of £54.35m

The Net Asset Value (NAV) at 06/07/2017 was:

Number of shares in issue:

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

97.75p

55,600,002

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

97.95p

Ordinary share price

101.50p

Premium to NAV

3.83

%

*Current period revenue covers the period 09/05/2017 to 06/07/2017