Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 26 June 2002 are as follows: Dunedin Smaller Companies Investment Trust plc Undiluted nav (p): 456.30 Potential Gearing: 119.9 Actual Gearing: 113.4 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/2002/06/27/20020627BIT01060/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/27/20020627BIT01060/wkr0002.pdf