Interim Results

9 June 2003

                EDINBURGH WORLDWIDE INVESTMENT TRUST PLC
           Interim Results for the six months to 30 April 2003
                                    
CHAIRMAN'S STATEMENT

During the period under review global equity markets were very volatile.
The  prospect  of war in the Middle East, economic uncertainty  and  the
outlook  for corporate profits weighed heavily on investors for most  of
the  period  with  equity markets falling sharply until  the  middle  of
March. As it became apparent that the conflict in Iraq would be resolved
quickly,  equity markets rallied for the remaining weeks of  the  period
and  by  the end of April the MSCI World Index had recovered all of  the
lost ground.

For  the six months to 30 April 2003, the net asset value per share fell
by  2.8%  to  147.39p and this compares with the MSCI World Index  which
rose  by  0.5% in sterling terms over the same period. The  share  price
fell  by  2.8% to 119.5p and represented a discount of 18.9% to the  net
asset  value  at 30 April 2003. The directors have declared  an  interim
dividend  of  0.50p  per share, unchanged from last  year.  The  interim
dividend  will be paid on 4 July 2003 to share holdings on the  register
on 20 June 2003.

Following  a  review  of  the expected long  term  returns  from  global
equities,  the board has revised the allocation of management  fees  and
finance  costs between capital and revenue. With effect from 1  November
2002, these costs have been allocated between capital and revenue in the
ratio 75:25, previously 85:15.

Portfolio
The  shortfall  in the net asset value return relative to the  benchmark
was attributable to a combination of stock selection and charges against
the  capital account. The stocks held in the North American part of  the
portfolio  did not meet the returns from the index and accounted  for  a
large part of the shortfall attributable to stock selection.

Transaction activity within the portfolio during the period concentrated
on  the  number  of  holdings  as well as  reducing  the  gearing  ratio
following the rally in equity markets in March and April. The number  of
holdings has been reduced from 106 to 92 with further reductions planned
towards  a  target  of 80 holdings. In reducing the gearing  ratio,  the
trust's  exposure to Japan was reduced and short term profits were  also
realized  from  the USA and Europe. At 30 April 2003,  the  company  had
109.3%  of shareholders' funds, net of index future contracts,  invested
in equity markets (31 October 2002 - 111.7%).

The  company's  portfolio remains underweight to US equities,  based  on
concerns  over the weakness of the US dollar, and overweight to equities
in  the  UK and the Pacific. Individual equities continue to offer  good
value  in  the  UK  while in the Pacific, following  negative  sentiment
surrounding  the  impact  of SARs, an increasing  number  of  attractive
investment opportunities appear to be emerging.

At  the sector level, the portfolio, compared to the benchmark index, is
overweight  to  energy, healthcare and financials. The main  underweight
positions are to consumer discretionary and telecommunications stocks.

Outlook
With  the  resolution  of  the conflict in Iraq,  uncertainty  has  been
removed  and the volatility within equity markets has fallen. Investors'
appetite  for risk is also increasing as is evident by lower  yields  on
corporate  bonds  and  the rally in technology,  financial  and  smaller
company stocks.

Equity markets in Europe and North America have risen by around 20% from
the  low  points  reached  in March but there are  few  indications,  at
present, of any improvement in the operating environment for businesses.
The  US  Federal  Reserve however appears to be committed  to  take  the
necessary steps to avoid deflation and stimulate economic growth.  While
markets  have  risen in anticipation of economic recovery, your  manager
continues to identify attractive investment opportunities with the focus
of  the  portfolio being towards companies with strong  balance  sheets,
high or improving profit margins, and supporting dividend yields.


David Coltman
Chairman

STATEMENT OF TOTAL RETURN

for the six months to 30 April 2003(unaudited)
                                            Revenue    Capital     Total
                                               £000       £000      £000
                                                                        
Realised losses on investments                   -    (13,430)  (13,430)
Unrealised gains on investments                  -      11,844    11,844
Currency gains                                   -          36        36
                                             _______   _______   _______                                                
                       
                                                                        
Total capital losses                             -     (1,550)   (1,550)
Income from investment                          967        -        967
Interest receivable on short term deposits      165        -        165
Investment management fee                      (79)      (237)     (316)
Other administrative expenses                 (175)        -       (175)
                                             _______   _______   _______                                                
                      
                                                                        
Net return before finance costs and             878    (1,787)     (909)
taxation
Interest payable and similar charges          (214)      (639)     (853)
                                             _______   _______   _______                  
                                                                                                                    
Return on ordinary activities before           
taxation                                       664      (2,426)  (1,762)
Taxation                                      (128)         24     (104)
                                             _______   _______   _______                         
                                                                        
Return attributable to equity shareholders      536    (2,402)   (1,866)
Dividends in respect of equity shares          (245)       -       (245)
                                             _______   _______   _______                           
                                                291    (2,402)   (2,111)
                                             _______   _______   _______                           
                                                                        
Return per ordinary share                     1.09p    (4.90p)   (3.81p)
                                                                        
                                                                        
Dividend per ordinary share                   0.50p                     
                                                                        
_______________________________________________________________________________

for the six months to 30 April 2002(unaudited)
                                              Revenue   Capital   Total
                                                £000      £000     £000
                                                                        
Realised losses on investments                     -    (6,589)  (6,589)
Unrealised gains on investments                    -     9,549    9,549
Currency losses                                    -      (280)    (280)
                                               _______   _______  _______                         
                                                                        
Total capital gains                                -      2,680    2,680
Income from investment                            887        -       887
Interest receivable on short term deposits        323        -       323
Investment management fee                         (72)     (406)    (478)
Other administrative expenses                    (153)       -      (153)
                                               _______   _______  _______                           
                                                                        
Net return before finance costs and taxation      985     2,274    3,259
Interest payable and similar charges             (190)     (986)  (1,176)
                                               _______   _______  _______                         
                                                                        
Return on ordinary activities before             
taxation                                         795     1,288    2,083
Taxation                                        (168)        84     (84)
                                               _______   _______  _______                       
                                                                        
Return attributable to equity shareholders        627     1,372    1,999
Dividends in respect of equity shares           (245)         -    (245)
                                               _______   _______  _______                        
                                                  382     1,372    1,754
                                               _______   _______  _______                         
                                                                        
Return per ordinary share                       1.28p     2.79p    4.07p
                                               _______   _______  _______                         
                                                                        
Dividend per ordinary share                     0.50p                   
                                               _______                          

________________________________________________________________________________

for the twelve months to 31 October 2002 (audited)

                                           Revenue    Capital     Total
                                              £000       £000      £000
                                                                        
Realised losses on investments                  -     (14,490)  (14,490)
Unrealised losses on investments                -      (9,388)   (9,388)
Currency gains                                  -          29        29
                                            _______    _______   _______                          
                                                                        
Total capital losses                            -     (23,849)  (23,849)
Income from investment                        1,879        -      1,879
Interest receivable on short term deposits      642        -        642
Investment management fee                     (133)      (754)     (887)
Other administrative expenses                 (344)        -       (344)
                                            _______    _______   _______                                                
                 
                                                                        
Net return before finance costs and           
taxation                                     2,044    (24,603)  (22,559)
Interest payable and similar charges          (356)    (2,344)   (2,700)
                                            _______    _______   _______                          
                                                                        
Return on ordinary activities before          
taxation                                      1,688   (26,947)  (25,259)
Taxation                                      (382)        189     (193)
                                            _______    _______   _______
                                                                        
                                                                        
Return attributable to equity shareholders    1,306   (26,758)  (25,452)
Dividends in respect of equity shares       (1,078)          -   (1,078)
                                            _______    _______   _______                             
                                                228   (26,758)  (26,530)
                                            _______    _______   _______
                                                                        
                                                                       
Return per ordinary share                     2.66p   (54.60p)  (51.94p)
                                            _______    _______   _______                            
                                                                        
Dividend per ordinary share                   2.20p                     
                                            _______                           



BALANCE SHEET (unaudited)

                                          At 30         At 31       At 30
                                          April       October       April
                                           2003          2002        2002
                                           £000          £000        £000
                                                               
Fixed assets                                                   
Investments                                82,133       87,492    122,789
Investment property                            -            -         110
                                          _______      _______    _______                              
                                           82,133       87,492    122,899
                                          _______      _______    _______                              
Current assets                                                          
Debtors                                     6,581          301        468
T Bills                                    13,222        9,591      7,773
AAA Money Market Funds                      3,000           -       3,000
Cash and short term deposits                8,672        9,029     10,696
                                          _______      _______    _______                              
                                           31,475       18,921     21,937
                                          _______      _______    _______                                 
                                                                        

Creditors: Amounts falling due within    
one year
                                          (11,139)      (1,449)    (1,110)                               
                                          _______      _______    _______                               
Net current assets                         20,336       17,472     20,827
                                          _______      _______    _______                                
                                                                        
Total assets less current liabilities     102,469      104,964    143,726
Creditors: falling due after more        
than one year                             (30,242)     (30,626)   (41,104)
                                          _______      _______    _______                              
                                           72,227       74,338    102,622
                                          _______      _______    _______                               
                                                                        
Capital and reserves                                                    
Called up share capital                     2,450        2,450      2,450
Share premium                              82,180       82,180     82,180
Special reserve                            35,220       35,220     35,220
Capital reserve - realised               (37,440)     (23,194)    (14,001)
Capital reserve - unrealised             (11,371)     (23,215)     (4,278)
Revenue reserve                             1,188          897      1,051
                                          _______      _______    _______                              
Total equity shareholders' funds           72,227       74,338    102,622
                                          _______      _______    _______                              
                                                                        
Net asset value per ordinary share        147.39p      151.70p    209.41p
                                          _______      _______    _______                              


CASHFLOW STATEMENT

                                                            
                                           For 6       For 6     For year to
                                           months      months    31 October
                                           to 30       to 30     2002
                                           April       April
                                           2003        2002
                                           £000        £000      £000
                                                            
Net cash inflow from operating              
activities                                  498         393      1,297
                                                                        
Net cash outflow from servicing of                                      
finance                                    (863)     (1,195)    (2,899)
                                                                        
Total tax paid                              (96)       (105)      (193)
                                                                        
Net cash inflow/(outflow) from financial                                
investment                                7,568      (1,333)     6,450
                                                                       
Equity dividends paid                      (833)     (1,029)    (1,274)
                                          ______     _______    _______                              
                                                                        
Net cash inflow/(outflow) before            
financing                                 6,274      (3,269)     3,381
                                                                        
Management of liquid resources           (6,631)      2,996      4,178
Financing                                    -           -      (9,528)
                                          ______     _______    _______                               
                                                                      
DECREASE IN CASH                           (357)       (273)    (1,969)
                                          ______     _______    _______                                                 
                    

NOTES:
1. The accounts have been prepared in accordance with the 2003 Statement
   of  Recommended  Practice  'Financial  Statements  of  Investment  Trust
   Companies'. The same accounting policies used for the year to 31 October
   2002  have been applied. With effect from 1 November 2002, 75%  (2002 -
   85%)  of  the  investment  management fee and finance  costs  have  been
   allocated to capital and 25% to revenue (2002 - 15%).

2. There will be an interim dividend of 0.50p per ordinary share payable
   on  4 July 2003 to shareholders on the register on 20 June 2003. The ex-
   dividend date is 18 June 2003.

3. As  at 30 April 2003, the company has 49,004,319 ordinary shares  in
   issue.

4. The financial information for the year ended 31 October 2002 has been
   extracted from the Annual Report and Accounts of the company which  have
   been  filed  with  the Registrar of Companies. The auditor's  report  on
   those  accounts  was  unqualified. The statement  of  total  return  and
   balance sheet set out do not represent full accounts in accordance  with
   Section 240 of the Companies Act 1985.

5. The  interim report will be posted to shareholders in June 2003  and
   copies will be available from the registered office.

For further information, please contact:-

Andrew McMenigall, Edinburgh Fund Managers plc    0131 313 1000
David McCraw, Edinburgh Fund Managers plc         0131 313 1000

For Edinburgh Worldwide Investment Trust plc
Edinburgh Fund Managers plc, Secretary
Lynn Mathewson
Group Company Secretary

END