Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 23 December 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 63.95 Fully dilute nav (p): 63.77 Potential Gearing: 141.2 Actual Gearing: 104.7 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/12/24/20021224BIT00030/wkr0001.doc http://www.waymaker.net/bitonline/2002/12/24/20021224BIT00030/wkr0002.pdf