Repayment of Debt

EDINBURGH LEVERAGED INCOME TRUST PLC (ELIT) 9 September 2002 Repayment of debt The Company has today given notice to Bank of Scotland (the "Bank") that it has repaid a further £11,332,347 of the £21,682,347 outstanding under the term loan facility with the Bank. The repayment was funded from the Company's existing cash resources. The outstanding loan balance after repayment is now £10,350,000. As a result of the repayment the Company will incur amendment costs in respect of the associated interest rate swap agreement with the Bank of £522,198. The net asset value of the ZDPs in the Company's subsidiary, ELIT Zeros 2008 plc, is currently nil but with the support of Bank of Scotland, the Company and its subsidiary are continuing so that the ZDP holders are positioned to benefit from any upturn in the markets. Enquiries: Edinburgh Fund Managers plc Alex Gowans Tel: 0131 313 6316 HSBC Investment Bank plc Jonathan Maxwell Tel: 020 7336 4240 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/09/20020909BIT00850/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/09/20020909BIT00850/wkr0002.pdf