Downing Strategic Micro-Cap Investment Trust Plc
LEI: 213800QMYPUW4POFFX69
Notification of major holdings
23 November 2023

NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:DOWNING STRATEGIC MICRO-CAP INVESTMENT TRUST PLC 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation ivNameFirst Equity Limited
William Black / Rath Dhu LimitedCity and country of registered office (if applicable)Douglas, Isle of Man4. Full name of shareholder(s) (if different from 3.) vNameNortrust Nominees LimitedCity and country of registered office (if applicable)London, England5. Date on which the threshold was crossed or reached vi:22/11/20236. Date on which issuer notified (DD/MM/YYYY):23/11/20237. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments 
(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuer (8.A + 8.B) viiResulting situation on the date on which threshold was crossed or reached4.763081% 4.763081%2,220,000Position of previous notification (if 
applicable)5.050600% 5.050600%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viiiA: Voting rights attached to sharesClass/type of
shares
ISIN code (if possible) Number of voting rights ix% of voting rightsDirect
(DTR5.1)Indirect
 (DTR5.2.1)Direct
(DTR5.1)Indirect
(DTR5.2.1)GB00BF0SCX522,220,00004.73081%0  SUBTOTAL 8. A2,220,0004.763081% B 1: Financial Instruments according to DTR5.3.1R (1) (a)Type of financial instrumentExpiration
date xExercise/ 
Conversion Period xiNumber of voting rights that may be acquired if the instrument is 
exercised/converted.% of voting rights    SUBTOTAL 8. B 1  B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)Type of financial instrumentExpiration
date xExercise/ 
Conversion Period xiPhysical or cash 
Settlement xiiNumber of voting rights % of voting rights    SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the 
applicable box with an “X”)Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xivXName xv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable thresholdWilliam Black



First Equity Limited as investment manager of Rath Dhu Limited4.763081% 4.763081% 10. In case of proxy voting, please identify:Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held  11. Additional information xvi

Place of completionLondon, UKDate of completion23/11/2023