Net Asset Value(s)

The net asset value of Edinburgh High Income Trust plc as at the close
of business on 22 May 2002 are as follows:

Edinburgh High Income Trust plc

Undiluted nav (p): 117.20

Potential Gearing: 212.0

Actual Gearing: 203.0

For Edinburgh Fund Managers plc
David Holland
Company Secretary

EDINBURGH HIGH INCOME TRUST

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