EDINBURGH LEVERAGED INCOME TRUST PLC (ELIT)

1 December 2003

Repayment of debt
The Company has today given notice to Bank of Scotland (the "Bank") that
it  has repaid a further �100,000 of the �8,475,000 outstanding with the
Bank under the terms of the term loan facility letter. The repayment was
funded from the Company's existing cash resources. The outstanding  loan
balance after repayment is now �8,375,000.

As  a  result of the repayment the Company will incur breakage costs  in
respect of the associated interest rate swap agreement with the Bank  of
�2,080.

For Edinburgh Leveraged Income Trust plc
Edinburgh Fund Managers plc, SECRETARY