Net Asset Value(s)

The net asset value of Edinburgh Small Companies Trust plc as at the close of business on 24 March 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 47.89 Diluted nav (p): n/a Potential Gearing: 159.5 Actual Gearing: 117.3 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/25/20030325BIT00460/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/25/20030325BIT00460/wkr0002.pdf