Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 22 July 2002 are as follows: Edinburgh Dragon Trust plc Undiluted nav (p): 70.84 Fully dilute nav (p): 70.35 Potential Gearing: 137.6 Actual Gearing: 110.8 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/2002/07/23/20020723BIT00430/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/23/20020723BIT00430/wkr0002.pdf