Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 26 September 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p):356.35 Potential Gearing: 125.4 Actual Gearing: 97.6 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/27/20020927BIT00380/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/27/20020927BIT00380/wkr0002.pdf