Net Asset Value(s)

The value of the NAV is based on mid market prices but it may not be possible to realise investments at mid market prices in current market conditions. The net asset value of the zero dividend preference shares as at 26 November 2002 is nil but with the support of Bank of Scotland, the company is continuing so that the zero dividend preference shareholders are positioned to benefit from any upturn in the markets. (For Edinburgh Fund Managers plc, Company 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/2002/11/27/20021127BIT00320/wkr0001.doc http://www.waymaker.net/bitonline/2002/11/27/20021127BIT00320/wkr0002.pdf