Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 30 May 2002 are as follows: Dunedin Smaller Companies Investment Trust plc Undiluted nav (p): 514.78 Potential Gearing: 117.6 Actual Gearing: 112.7 For Edinburgh Fund Managers plc David Holland Company Secretary ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/31/20020531BIT00460/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/31/20020531BIT00460/wkr0002.pdf