Net Asset Value(s)

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The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 31 December 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) The net asset value after deducting debt at market value is 322.03p Undiluted nav (p): 343.56 Potential Gearing: 126.4 Actual Gearing: 93.6 ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: