Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 30 May 2002 are as follows: Edinburgh Small Companies Trust plc Undiluted nav (p): 105.52 Diluted nav (p): 105.28 Potential Gearing: 156.2 Actual Gearing: 123.9 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/2002/05/31/20020531BIT00540/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/31/20020531BIT00540/wkr0002.pdf