Directors' Dealings

EDINBURGH DRAGON TRUST PLC
27 July 1999


Schedule 11 - Notification of interests of Directors and Connected Persons

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 registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
Iain Alasdair Watt                                  4,394 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:
68

8   Percentage of issued class:
0.0%

9   Number of shares/amount of stock disposed:
0

10  Percentage of issued class:
0.0%

11  Class of security:
Ordinary

12  Price per share:
73.5p

13  Date of transaction:
23/7/99

14  Date company informed:
26/7/99

15  Total holding following this notification:
17,374 (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 fields:

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  Contact name for queries:
David Holland

24  Contact telephone number:
0131-313-6442

25  Name of company official responsible for making notification:
David Holland

Additional Information:
None