Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 18 March 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 47.90 Diluted nav (p): n/a Potential Gearing: 159.5 Actual Gearing: 115.0 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/19/20030319BIT00590/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/19/20030319BIT00590/wkr0002.pdf