Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

The Throgmorton Trust PLC

2. Reason for the notification                               State             
                                                            Yes/No             
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
An acquisition or disposal of financial                                        
instruments which may result in the                                            
acquisition of shares already issued to which                                  
voting rights are attached                                                     
                                                                               
An event changing the breakdown of voting                                      
rights                                                                         
                                                                               
Other (please specify): Decrease in Shares in                  X               
Issue/ Voting Rights                                                           

3. Full name of person(s) subject to the                   HBOS PLC            
notification obligation (iii):                                                 
                                                                               
4. Full name of shareholder(s) (if different             See section 9         
from 3.) (iv):                                                                 
                                                                               
5. Date of the transaction (and date on which           30th April 2007        
the threshold is crossed                                                       
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                        2nd May 2007          
                                                                               
7. Threshold(s) that is/are crossed or reached:            Above 6%            
                                                                               
8. Notified details: Initial Disclosure                                        

A: Voting rights attached to shares

Class/type  Situation previous     Resulting situation after the triggering    
 of shares          to                         transaction (vii)               
if possible   the Triggering                                                   
 using the   transaction (vi)                                                  
 ISIN CODE                                                                     
                                                                               
             Number    Number    Number    Number of voting      % of voting   
               of        of        of         rights (ix)          rights      
             Shares    Voting    shares                                        
                       Rights                                                  
                       (viii)                                                  
                                                                               
                                 Direct    Direct   Indirect   Direct  Indirect
                                            (x)       (xi)                     
                                                                               
  Ord 5p    9,293,434 9,293,434  627,939  627,939  8,665,495   0.408%   5.627  
  Shares                                                                       
                                                                               
   ISIN                                                                        
                                                                               
    GB                                                                         
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

  Type of    Expiration      Exercise/        Number of voting    % of voting  
 financial   date (xiii)     Conversion      rights that may be      rights    
 instrument              Period/ Date (xiv)   acquired if the                  
                                                 instrument                    
                                               is exercised/                   
                                                 converted                     
                                                                               
    N/A                                                                        

Total (A+B)                                                                    
                                                                               
Number of voting rights                  % of voting rights                    
                                                                               
9,293,434                                6.034%                                

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

Insight Investment Management (Global) Limited* ('IIMGL') - (Indirect) -       
9,261,284 (6.014%)                                                             
                                                                               
IIMGL manages holdings on behalf of other HBOS Group companies, and other third
parties external to the HBOS Group, under various discretionary management     
agreements.                                                                    
                                                                               
(* - wholly owned subsidiaries of HBOS plc.)                                   

Proxy Voting:


10. Name of the proxy holder:                           N/A                    
                                                                               
11. Number of voting rights proxy holder will cease to  N/A                    
hold:                                                                          
                                                                               
12. Date on which proxy holder will cease to hold       N/A                    
voting rights:                                                                 

13. Additional information:                            Notification using the  
                                                       total voting rights     
                                                       figure of 154,005,869   
                                                                               
14. Contact name:                                      Eleanor Cranmer         
                                                                               
15. Contact telephone number:                          020 7330 6680