Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 31 December 2002 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 61.49 Fully dilute nav (p): 61.42 Potential Gearing: 142.3 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/2003/01/02/20030102BIT00220/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/02/20030102BIT00220/wkr0002.pdf