Net Asset Value(s)

The net asset value of Dunedin Smaller Companies Investment Trust plc as at the close of business on 21 March 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 324.58 Potential Gearing: 127.9 Actual Gearing: 99.0 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/24/20030324BIT00460/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/24/20030324BIT00460/wkr0002.pdf