Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 16 May 2002 are as follows: Edinburgh Small Companies Trust plc Undiluted nav (p): 108.88 Diluted nav (p): 108.50 Potential Gearing: 154.5 Actual Gearing: 125.5 For Edinburgh Fund Managers plc David Holland Company Secretary ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/17/20020517BIT00740/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/17/20020517BIT00740/wkr0002.pdf