Issue of Equity

ISSUE OF ORDINARY SHARES The board of Edinburgh UK Tracker Trust plc are pleased to announce the issue of 500,000 ordinary shares at a price of 159p per share on 30 January 2003. The shares were allotted for cash at a premium to the net asset value under section 95 (disapplication of pre-emption provisions) of the Companies Act 1985. Following the issue, there will be 60,906,430 ordinary shares in issue. The issue is subject to the listing of the shares on the London Stock Exchange and an application has also been made to the UK Listing Authority (the hearing to be held on 4 February 2003). For Edinburgh UK Tracker Trust plc Edinburgh Fund Managers plc Secretary ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/31/20030131BIT00850/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/31/20030131BIT00850/wkr0002.pdf