Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 22 July 2002 are as follows: Edinburgh Small Companies Trust plc Undiluted nav (p): 79.00 Diluted nav (p): n/a Potential Gearing: 175.1 Actual Gearing: 129.3 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/2002/07/23/20020723BIT00480/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/23/20020723BIT00480/wkr0002.pdf