Conversion of Securities

THE THROGMORTON TRUST PLC                           

                      Conversion of Subscription Shares                        

The Board of The Throgmorton Trust PLC announces that subject to listing, it
today issued 12,426 ordinary shares following the exercise of conversion rights
by 13 holders of subscription shares. The ordinary shares will rank pari passu
with the existing ordinary shares.

It is expected that admission to the Official List and commencement of dealings
in the ordinary shares on the London Stock Exchange will take place at 8.00
a.m. on 8 February 2010.

Following admission, there will be 74,128,534 ordinary shares and 14,810,475
subscription shares in issue. 7,400,000 ordinary shares will remain in
treasury.

3 February 2010

For further information, please contact:

Kerry Higgins
BlackRock Investment Management (UK) Limited - Company Secretary 

Telephone [phone]