Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 22 May 2002 are as follows: Edinburgh Dragon Trust plc Undiluted nav (p): 85.22 Fully dilute nav (p): 84.09 Potential Gearing: 133.7 Actual Gearing: 109.2 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/2002/05/23/20020523BIT01180/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/23/20020523BIT01180/wkr0002.pdf