Directorate change

STOCK EXCHANGE ANNOUNCEMENT

BOARD APPOINTMENT AT EDINBURGH DRAGON TRUST PLC

The board of Edinburgh Dragon Trust is pleased to announce the
appointment of David Gairns as a non-executive director of the company
with effect from 1 July 2003.

Mr Gairns, who is 66 and a chartered accountant, has spent his
professional career with KPMG in the UK and in Hong Kong, retiring in
1991 as senior partner of the Hong Kong firm. He is a former non-
executive director of many public companies in Hong Kong, including The
Hongkong and Shanghai Banking Corporation Limited and Mass Transit
Railway Corporation Limited. He was chairman of the audit committees of
these major companies. He is a former president of the Council of the
Hong Kong Society of Accountants.

There are no details on Mr Gairns which require to be disclosed in
relation to paragraph 6.F.2(b) to (g) of the Listing Rules