Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 28 February 2003 are as follows: The net asset value after deducting debt at market value is 46.44p (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 50.32 Diluted nav (p): n/a Potential Gearing: 156.6 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/2003/03/03/20030303BIT00390/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/03/20030303BIT00390/wkr0002.pdf