Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 20 March 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 48.06 Diluted nav (p): n/a Potential Gearing: 159.3 Actual Gearing: 117.7 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/21/20030321BIT00780/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/21/20030321BIT00780/wkr0002.pdf

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