Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 18 July 2002 are as follows: Edinburgh Dragon Trust plc Undiluted nav (p): 73.79 Fully dilute nav (p): 73.18 Potential Gearing: 136.2 Actual Gearing: 110.4 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/2002/07/19/20020719BIT00370/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/19/20020719BIT00370/wkr0002.pdf