Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 30 August 2002 are as follows: Dunedin Smaller Companies Investment Trust plc Undiluted nav (p): 398.69 Potential Gearing: 122.7 Actual Gearing: 107.2 The net asset value after deducting debt at market value is 375.81p. For Edinburgh Fund Managers plc 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/2002/09/02/20020902BIT00500/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/02/20020902BIT00500/wkr0002.pdf