Net Asset Value(s)

The net asset value of ELIT Zeros 2008 plc as at the close of business on 22 July 2002 are as follows: ELIT Zeros 2008 plc nav of zero dividend preference shares (p): 71.15 For Edinburgh Fund Managers plc David Holland Company Secretary ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/07/23/20020723BIT00630/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/23/20020723BIT00630/wkr0002.pdf