Bank Loan Covenant

EDINBURGH LEVERAGED INCOME TRUST The board of Edinburgh Leveraged Income Trust announces that the company is now in breach of its assets to loan bank covenant ratio. Bank of Scotland remains supportive and the company is working with the bank to rectify the situation. For further information, please contact: Mr Alex Gowans, Director, 0131 313 1000 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/07/17/20020717BIT00500/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/17/20020717BIT00500/wkr0002.pdf