Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 23 July 2002 are as follows: Edinburgh Dragon Trust plc Undiluted nav (p): 72.49 Fully dilute nav (p): 71.93 Potential Gearing: 137.0 Actual Gearing: 110.7 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/2002/07/24/20020724BIT00250/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/24/20020724BIT00250/wkr0002.pdf