Net Asset Value(s)

The net asset value of ELIT Zeros 2008 plc as at the close of business on 26 July 2002 are as follows: ELIT Zeros 2008 plc nav of zero dividend preference shares (p): 44.65 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/2002/07/29/20020729BIT00410/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/29/20020729BIT00410/wkr0002.pdf