Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 19 September 2002 are as follows: Dunedin Smaller Companies Investment Trust plc Undiluted nav (p): 366.76 Potential Gearing: 124.7 Actual Gearing: 99.4 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/2002/09/20/20020920BIT00340/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/20/20020920BIT00340/wkr0002.pdf