Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 31 October 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) The net asset value after deducting debt at market value is 50.93p. Undiluted nav (p): 55.27 Diluted nav (p): n/a Potential Gearing: 151.5 Actual Gearing: 121.2 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/11/01/20021101BIT00230/wkr0001.doc http://www.waymaker.net/bitonline/2002/11/01/20021101BIT00230/wkr0002.pdf