Net Asset Value(s)

The net asset value of Edinburgh US Tracker Trust plc as at the close of business on 31 March 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 443.04 Potential Gearing: - Actual Gearing: - ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/01/20030401BIT00740/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/01/20030401BIT00740/wkr0002.pdf