Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 30 October 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 54.74 Diluted nav (p): n/a Potential Gearing: 152.0 Actual Gearing: 121.5 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/31/20021031BIT00830/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/31/20021031BIT00830/wkr0002.pdf