Holding in Company

Edinburgh Dragon Trust PLC
28 September 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company
      Edinburgh Dragon Trust plc


2)   Name of shareholder having a major interest
      Merseyside Pension Fund


3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18
      On behalf 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
      The Bank of New York, Brussels - a/c 605000





5)   Number of shares/amount of stock acquired
      2,500,000


6)   Percentage of issued class
      1.1%



7)   Number of shares/amount of stock disposed
      n/a


8)   Percentage of issued class
      n/a


9)   Class of security
      Ordinary 20p


10)  Date of transaction
      Not disclosed

11)  Date company informed
      27/9/01


12)  Total holding following this notification
      8,000,000



13)  Total percentage holding of issued class following this notification
      3.5%


14)  Any additional information
      n/a


15)  Name of contact and telephone number for queries
      David Holland


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

     Date of notification 28/9/01