Issue of Equity

Edinburgh US Tracker Trust PLC
4 January 2002


ISSUE OF ORDINARY SHARES



The board of Edinburgh US Tracker Trust plc are pleased to announce the issue
of 100,000 ordinary shares at a price of 668.5p per share on 3 January 2002.
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 87,756,164 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 8 January 2002).



For Edinburgh US Tracker Trust plc

Edinburgh Fund Managers plc

Secretary