Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 2 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 61.91 Fully dilute nav (p): 61.83 Potential Gearing: 142.4 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/2003/01/03/20030103BIT00160/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/03/20030103BIT00160/wkr0002.pdf