Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 7 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 64.02 Fully dilute nav (p): 63.84 Potential Gearing: 140.8 Actual Gearing: 104.5 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/08/20030108BIT00340/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/08/20030108BIT00340/wkr0002.pdf