Conversion of Securities

THE THROGMORTON TRUST PLC                           

                      Conversion of Subscription Shares                        

The Board of The Throgmorton Trust PLC announces that subject to listing, it
issued today 977,559 ordinary shares following the exercise of conversion
rights by 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 7 February 2011.

Following admission, there will be 60,797,273 ordinary shares (excluding shares
held in treasury) and 12,333,053 subscription shares in issue. 7,400,000
ordinary shares will remain in treasury.

2 February 2010

For further information, please contact:

Barbara Powley
BlackRock Investment Management (UK) Limited - Company Secretary 
Telephone [phone]