Net Asset Value(s)

The net asset value of Dunedin Income Growth Investment Trust plc as at
the close of business on 1 April 2003 are as follows:

(For Edinburgh Fund Managers plc, Company Secretary)

Undiluted nav (p): 158.81
Potential Gearing: 127.5
Actual Gearing: 117.2

DUNEDIN INCOME GROWTH INVESTMENT

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