Net Asset Value(s)

The following Net Asset Values (NAV) for The Throgmorton Trust PLC are released
by AXA Framlington Investment Management Limited as at 20 December 2006.

Ordinary NAV (Restated for changes in UK                                       
accounting standards)                                                          
                                                                               
at Mid valuation - Prior charges at par                                 207.50p
                                                                               
at Bid valuation - Prior charges at par                                 204.62p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              200.50p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              197.62p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £367,421,957
revenue)