Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 21 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 65.35 Fully dilute nav (p): 65.11 Potential Gearing: 139.9 Actual Gearing: 106.4 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/22/20030122BIT00380/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/22/20030122BIT00380/wkr0002.pdf