Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 24 June 2002 are as follows: Dunedin Smaller Companies Investment Trust plc Undiluted nav (p): 460.64 Potential Gearing: 119.7 Actual Gearing: 114.8 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/2002/06/25/20020625BIT00600/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/25/20020625BIT00600/wkr0002.pdf