Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 23 October 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 347.99 Potential Gearing: 126.0 Actual Gearing: 98.1 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/24/20021024BIT01480/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/24/20021024BIT01480/wkr0002.pdf