Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 30 December 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 61.28 Fully dilute nav (p): 61.22 Potential Gearing: 142.6 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/2002/12/31/20021231BIT00020/wkr0001.doc http://www.waymaker.net/bitonline/2002/12/31/20021231BIT00020/wkr0002.pdf