Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 24 July 2002 are as follows: Edinburgh Dragon Trust plc Undiluted nav (p): 69.99 Fully dilute nav (p): 69.54 Potential Gearing: 138.1 Actual Gearing: 111.0 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/2002/07/25/20020725BIT00470/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/25/20020725BIT00470/wkr0002.pdf