Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 29 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 50.62 Diluted nav (p): n/a Potential Gearing: 156.3 Actual Gearing: 120.4 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/30/20030130BIT01190/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/30/20030130BIT01190/wkr0002.pdf