Interim Management Statement

Edinburgh Dragon Trust plc 12 December 2007 Edinburgh Dragon Trust plc - Interim management statement To the members of Edinburgh Dragon Trust plc This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose. This interim management statement relates to the period from 1 September 2007 to 12 December 2007, and contains information that covers this period, up to the date of publication of this interim management statement, unless otherwise specified. Investment objective To achieve long term capital growth through investment in the Far East. The Company's benchmark is the MSCI All Country Asia (ex Japan) Index. Investments are made in stockmarkets in the region, with the exception of Japan and Australasia, principally in large companies. When appropriate, the trust will utilise gearing to maximise long term returns. Benchmark MSCI All Country Asia (ex Japan) Material events and their impact on the Trust On 31 October 2007, the Company announced its annual results for the year to 31 August 2007. On 12 December 2007 the Company held its Annual General Meeting at which all resolutions were passed. The special business included resolutions to allow the Company to issue shares (up to 5% of the issued share capital without pre-emption) and to buy back shares (up to 14.99% of the issued share capital). The Company's final dividend of 1.1p per Ordinary share will be paid on 14 December 2007 to shareholders on the register on 16 November 2007. The ex-date was 14 November 2007. Material transactions and their impact on the Trust's financial position Over the three month period to 30 November 2007 the Company's net asset value rose 10.2% on a total return basis compared to a rise of 11.4% in the MSCI AC Asia (ex Japan) Index. The Company has bought back 2,120,000 shares for the period from 1 September 2007 to 12 December 2007. For latest NAV and share price information, please refer to the Trust's website, www.edinburghdragon.co.uk. Ten largest equity holdings as at 30 November 2007 Holding % Samsung Electronics pref 4.5 Swire Pacific 'B' 3.6 Oversea-Chinese Banking Corp 3.5 China Mobile 3.3 United Overseas Bank 3.1 Sun Hung Kai Properties 3.0 CNOOC 2.8 PTT Exploration and Production 2.8 HDFC 2.8 Shinsegae 2.8 Total 32.2 Country allocation as at 30 November 2007 Country Trust Singapore 22.8 Hong Kong 17.4 India 13.8 South Korea 11.9 China 8.0 Malaysia 7.2 Taiwan 6.4 Thailand 5.0 Philippines 2.3 Indonesia 1.6 Sri Lanka 0.8 Cash 2.8 Total 100.0 Assets at 30 November 2007 Investments £441.5m Cash £12.0m Total gross assets £453.5m No of shares in issue 234,956,875 Net asset value 176.43p Discount 11.5% Cumulative performance (%) as at 3 months 6 months 1 year 3 years 5 years 30/11/2007 Share Price 152.3 6.3 9.3 14.4 96.1 186.9 NAV 176.4 10.2 11.8 26.0 102.2 170.6 MSCI AC Asia ex Japan 11.4 21.5 40.7 122.7 185.7 Discrete performance (%) 30/11/2007 30/11/2006 30/11/2005 30/11/2004 30/11/2003 Share Price 14.4 19.5 43.4 4.3 40.2 NAV 26.0 18.2 35.7 2.1 31.0 MSCI AC Asia ex Japan 40.7 19.8 32.1 8.9 17.8 Total Return; NAV to NAV, Net Income Reinvested, GBP Source: Aberdeen Asset Managers Limited, Factset, Financial Times and Fundamental Data Please note that past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise and may be affected by exchange rate movements. Investors may not get back the amount they originally invested. For Edinburgh Dragon Trust plc Edinburgh Fund Managers plc, Secretary This information is provided by RNS The company news service from the London Stock Exchange
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