Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 31 May 2002 are as follows: Edinburgh Small Companies Trust plc Undiluted nav (p): 104.98 Diluted nav (p): 104.77 Potential Gearing: 156.5 Actual Gearing: 123.9 The net asset value after deducting debt at market value is 100.94p. 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/2002/06/05/20020605BIT00460/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/05/20020605BIT00460/wkr0002.pdf