Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 8 July 2002 are as follows: Edinburgh Small Companies Trust plc Undiluted nav (p): 88.50 Diluted nav (p): n/a Potential Gearing: 167.1 Actual Gearing: 125.7 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/2002/07/09/20020709BIT00500/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/09/20020709BIT00500/wkr0002.pdf