Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 16 December 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 63.67 Fully dilute nav (p): 63.50 Potential Gearing: 141.5 Actual Gearing: 106.2 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/12/17/20021217BIT00900/wkr0001.doc http://www.waymaker.net/bitonline/2002/12/17/20021217BIT00900/wkr0002.pdf