Director Declaration

Appointment of Mr Roderick MacRae to Edinburgh Fund Managers Group plc Share Interests Following the appointment of Mr MacRae as an executive director of the company with effect from 20 May 2002, we hereby confirm Mr MacRae's interest in the share capital of the company as follows: 3,367 ordinary shares; 120,000 executive share options; and 2,136 savings related share options Details of Mr MacRae's executive options are as follows: Grant Date No of Exercise Price Option type Last exercisable shares date 27 May 1994 100,000 604p Ordinary 26 May 2004 6 October 1995 5,000 726p Ordinary 5 October 2005 1 October 1996 7,000 592.5p Ordinary 30 Sept 2006 25 March 1998 28,000 532.5p Ordinary* 24 March 2005 4 May 1999 50,000 407.5p Super** 3 May 2006 24 March 2000 20,000 661.0p Super** 23 March 2007 120,000 *These options are exercisable prior to the fourth, fifth, and sixth anniversaries of the date of grant in relation to 25%, 50% and 75% respectively of the number originally granted (subject to certain performance criteria). ** 50% of super options are exercisable prior to the sixth anniversary of the date of grant and the balance exercisable prior to the seventh anniversary (subject to certain performance criteria). Mr MacRae also received bonuses in respect of previous years. However Mr MacRae elected to take a bonus as shares under the terms of the bonus scheme and therefore will be entitled to receive an additional 1,246 shares in May 2003. Other Directorships Mr MacRae is a director of the following company: Edinburgh Pacific and Income Trust Limited (registered in Guernsey) Note No further information is required to be disclosed under paragraph 6.F.2(b) to (g) of the Listing Rules. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/21/20020521BIT00870/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/21/20020521BIT00870/wkr0002.pdf