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 30 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 50.86 Diluted nav (p): n/a Potential Gearing: 156.0 Actual Gearing: 120.3 ------------------------------------------------------------ This information was brought to you by Waymaker