Holding(s) in Company

SCHEDULE 10

                    NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company
     Edinburgh Dragon Trust plc

2)   Name of shareholder having a major interest
     Asset Value Investors

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 funds managed by 2 above

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them
     British Empire Securities - 5,803,926 shares
     Rockefeller University - 368,017 shares
     CF AVI Global Fund - 138,658 shares
     AVI Value Fund LLC - 442,974 shares
     Carnegie Corporation - 346,425 shares

5)   Number of shares/amount of stock acquired
     600,000

6)   Percentage of issued class
     0.27%

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

8)   Percentage of issued class
     n/a%

9)   Class of security
     Ordinary

10)  Date of transaction
     22 November 2004

11)  Date company informed
     23 November 2004

12)  Total holding following this notification
     7,100,000

13)  Total percentage holding of issued class following this notification
     3.12%

14)  Any additional information
     n/a

15)  Name of contact and telephone number for queries
     Valerie MacKenzie


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

     Date of notification 24 November 2004