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 12 September 2006.

Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at par                                 189.51p
                                                                               
at Bid valuation - Prior charges at par                                 186.48p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              182.75p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              179.72p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £367,632,152
revenue)