Interim Management Statement

THE THROGMORTON TRUST PLC     

Interim Management Statement - 3 months to 28 February 2013

To the members of The Throgmorton 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 & Transparency Rules. It
should not be relied on by any other party for any other reason.

This interim management statement relates to the period from 1 December 2012 to
28 February 2013, and contains information that covers this period, and up to
the date of publication of this interim management statement. Please note more
detailed performance information, including the latest month end announcements
are available on the Manager's website - www.blackrock.co.uk/thrg.

The Company's objective is to provide shareholders with capital growth and an
attractive total return from investment predominantly in UK smaller companies
which are listed on the main market or traded on the AIM market.

Stock Performance

Cumulative Performance (%):
                                   One      Three        One      Three
                                 Month     Months       Year      Years
Net Asset Value*                  5.5%      13.8%      18.1%     101.5%
Net Asset Value                   5.5%      13.8%      18.1%      88.1%
Share Price                       6.4%      17.4%      21.0%      94.5%
Numis plus AIM (ex Inv Cos)       4.0%      12.4%      15.3%      49.9%

All performance figures are in £ on a total return basis.
*Prior to dilution arising on conversion of subscription shares.

Ten Largest Equity Holdings at 28 February 2013 (in alphabetical order)

Ashtead
AZ Electronic Materials
Bellway
Booker
Howden Joinery
ITE
Oxford Instruments
Senior
Victrex
Workspace

Financial position and performance as at 28 February 2013

Gross Assets (£m)*                                196.6
Short term borrowings (£m)                          Nil
Net asset value - capital only                  267.66p
Net asset value - including income              268.26p
Share Price                                     224.25p
Ordinary Shares in issue**                   73,130,326
Net market exposure as a % of net 
asset value                                      107.5%
CFDs - short (£m)                                  20.7
CFDs - long (£m)                                   31.9

*includes net revenue of £0.4m
**not including 7,400,000 shares held in treasury

Material Events/Transactions

Material events or transactions, during the three months to 28 February 2013,
and from 1 March 2013 to the date of publication of this report are set out
below. The Company was not involved in any other material transactions during
the period except for the purchase and sale of securities undertaken in the
normal course of its business.

Dividend

A final dividend of 2.70 pence was declared on 8 February 2013, payable on 4
April 2013 to shareholders on the register on 22 February 2013, making a total
dividend of 3.32 pence per share in respect of the year ended 30 November 2012.

Financial Report

The Company announced its financial results for the year ended 30 November 2012
on 8 February 2013.

Annual General Meeting

At the Company's Annual General Meeting held on Wednesday, 20 March 2013, all
resolutions were passed.

Change in NAV and Share Price

For the period 1 March 2013 to 19 March 2013 the Company's NAV rose by 2.9% 
and the share price fell by 0.1%.

The Board is not aware of any other material events or transactions, except as
disclosed herein, occurring between 28 February 2013 and the date of
publication of this interim management statement which would have a material
impact on the financial position of the Company.

Contact details:
Kerry Higgins
Secretary
Tel: [phone]

Please note more detailed performance information is available on the
Investment Manager's website: www.blackrock.co.uk/its/thrg. Neither the
contents of the Manager's website nor the contents of any website accessible
from hyperlinks on the Manager's website (or any other website) is incorporated
into, or forms part of, this announcement.