Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 15 May 2002 are as follows: Edinburgh Dragon Trust plc Undiluted nav (p): 84.89 Fully dilute nav (p): 83.77 Potential Gearing: 133.9 Actual Gearing: 109.3 For Edinburgh Fund Managers plc David Holland 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/2002/05/16/20020516BIT01290/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/16/20020516BIT01290/wkr0002.pdf