Net Asset Value(s)

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The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 2 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 54.75 Diluted nav (p): n/a Potential Gearing: 152.0 Actual Gearing: 118.4 ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: