Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 21 May 2002 are as follows: Edinburgh Dragon Trust plc Undiluted nav (p): 84.58 Fully dilute nav (p): 83.48 Potential Gearing: 134.0 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/2002/05/22/20020522BIT00710/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/22/20020522BIT00710/wkr0002.pdf