Director Shareholding

SCHEDULE 11 NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 1) Name of company Edinburgh Fund Managers Group plc 2) Name of director Mr R MacRae 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non- beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest In respect of director named. 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified) not disclosed 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) Per 2 above 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary Purchase of shares: Mr MacRae participates in The Edinburgh Fund Managers Group Annual Incentive Scheme and a proportion of his net bonus has been used to purchase 4,906 shares (the "Deferred Bonus Shares") at 365p on 27 May 2002. These Deferred Bonus Shares will be registered on behalf of Edinburgh Fund Managers (Trustees) Limited (the "Trustee") as nominee for Mr MacRae and trustee for the The Edinburgh Fund Managers Group Benefit Trust. On 27 May 2002, the Trustee granted an award of 2,943 shares ("Matching Shares"), being 60% of the number of Deferred Bonus Shares, which will normally vest with Mr MacRae on the third anniversary of the date of grant. 7) Number of shares/amount of stock acquired 4,906 shares bought 8) Percentage of issued class 0.0% 9) Number of shares/amount of stock disposed n/a 10) Percentage of issued class n/a 11) Class of security Ordinary 12) Price per share 365p 13) Date of transaction 27 May 2002 14) Date company informed 27 May 2002 15) Total holding following this notification 8,273 ordinary shares; 120,000 executive share options; and 2,136 savings related share options Mr MacRae will also be entitled to receive an additional 2,943 shares, as noted in 2 above, in May 2005 (having elected to take a bonus as shares under the terms of the bonus scheme). 16) Total percentage holding of issued class following this notification 0.0% If a director has been granted options by the company please complete the following boxes 17) Date of grant n/a 18) Period during which or date on which exercisable n/a 19) Total amount paid (if any) for grant of the option n/a 20) Description of shares or debentures involved: class, number n/a 21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise n/a 22) Total number of shares or debentures over which options held following this notification n/a 23) Any additional information 24) Name of contact and telephone number for queries Lynn Mathewson Tel: 0131 313 6402 25) Name and signature of authorised company official responsible for making this notification Lynn Mathewson Date of Notification 28/5/02 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/28/20020528BIT00900/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/28/20020528BIT00900/wkr0002.pdf