Update on Liquidation

RNS Number:3705N
Edinburgh UK Small Co Track Tst PLC
06 December 2006

Edinburgh UK Smaller Companies Tracker Trust PLC (In Members' Voluntary
Liquidation)

Portfolio realisation
6 December 2006

Further to the undertaking set out in the circular to shareholders in the
Edinburgh UK Smaller Companies Tracker Trust PLC (the "Company") dated 7
November 2006 (the "Circular") an update on the portfolio realisation process
and the composition of the portfolio is set out below.

As at the close of business on 5 December 2006 the Company's portfolio comprised
approximately 99% in cash and 1% in UK equities. The Liquidators anticipate
being in a position to distribute the majority of the net cash proceeds arising
from the liquidation of the Company to Shareholders in the week commencing 11
December 2006 and in any event no later than 21 December 2006.

The remainder of the cash proceeds, including the balance of the Liquidators'
retention, will be distributed after paying the costs of the Company's
liquidation and settling all other liabilities of the Company. The precise
timing of this second and any further distributions will depend upon the
Liquidators establishing that the Company has no outstanding liabilities.

Shareholders are reminded that dealings in the Ordinary Shares have been
suspended and accordingly holders will not be able to transfer their Ordinary
Shares. All defined terms in this announcement have the same meanings as set out
in the Circular.

PJ Brazzill and ME Mills
Joint Liquidators

Enquiries:

Vivienne Oliver/Lana Evtushenko
Ernst & Young LLP
1 More London Place, London SE1 2AF
Telephone [phone]
Fax [phone]




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