Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 22 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 64.82 Fully dilute nav (p): 64.60 Potential Gearing: 140.1 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/2003/01/23/20030123BIT00960/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/23/20030123BIT00960/wkr0002.pdf