Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 31 July 2002 are as follows: Edinburgh Small Companies Trust plc Undiluted nav (p): 76.23 Diluted nav (p): n/a Potential Gearing: 177.8 Actual Gearing: 131.3 The net asset value after deducting debt at market value is 69.33p. 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/2002/08/01/20020801BIT00550/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/01/20020801BIT00550/wkr0002.pdf