Net Asset Value(s)

The net asset value of Edinburgh Dragon Trust plc as at the close of business on 27 January 2003 are as follows: (For Edinburgh Fund Managers plc, Company Secretary) Undiluted nav (p): 62.80 Fully dilute nav (p): 62.68 Potential Gearing: 140.9 Actual Gearing: 105.6 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/28/20030128BIT00820/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/28/20030128BIT00820/wkr0002.pdf