Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 15 November 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 56.34 Diluted nav (p): n/a Potential Gearing: 150.6 Actual Gearing: 119.8 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/11/18/20021118BIT00700/wkr0001.doc http://www.waymaker.net/bitonline/2002/11/18/20021118BIT00700/wkr0002.pdf