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 27 December 2006.

Ordinary NAV (Restated for changes in UK                                       
accounting standards)                                                          
                                                                               
at Mid valuation - Prior charges at par                                 208.82p
                                                                               
at Bid valuation - Prior charges at par                                 206.08p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              201.83p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              199.09p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £369,536,801
revenue)