Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 12 February 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 330.66 Potential Gearing: 127.4 Actual Gearing: 94.1 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/13/20030213BIT01410/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/13/20030213BIT01410/wkr0002.pdf