Directors' Dealings

Edinburgh Dragon Trust PLC
29 December 1999


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    EDINBURGH DRAGON TRUST PLC

2)  NAME OF DIRECTOR

    MR I A WATT

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a non-beneficial
    interest

    IN RESPECT OF 2 ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    IAIN ALASDAIR WATT                                    6,057 SHARES
    MRS LYNNE NEILSON WATT                                4,125 SHARES
    GEMMA WATT                                              180 SHARES
    BELL & SCOTT WS (NOMINEES) LTD A/C W2581              1,875 SHARES
    BANK OF SCOTLAND SP NOMINEES LTD                           BALANCE

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    AS IN 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 THROUGH REGULAR SAVINGS PLAN

7)  Number of shares/amount of
    stock acquired

    59

8)   (0.0%)
    of issued Class

9)  Number of shares/amount
    of stock disposed

    0

10)  (0.0% )
   of issued Class

11) Class of security

    ORDINARY

12) Price per share

    84.5P

13) Date of transaction

    23/12/99

14) Date company informed

    24/12/99

15) Total holding following this notification

    17,721 (OF WHICH 3,734 SHARES ARE HELD IN TRUST)

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

    NONE

24) Name of contact and telephone number for queries

    DAVID HOLLAND               0131-313-6442

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification..................................