Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 17 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 64.84 Fully dilute nav (p): 64.62 Potential Gearing: 140.0 Actual Gearing: 106.7 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/20/20030120BIT00520/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/20/20030120BIT00520/wkr0002.pdf