Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 2 July 2002 are as follows: Edinburgh Small Companies Trust plc Undiluted nav (p): 90.66 Diluted nav (p): n/a Potential Gearing: 165.5 Actual Gearing: 125.2 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/2002/07/03/20020703BIT00680/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/03/20020703BIT00680/wkr0002.pdf