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 18 September 2006.

Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at par                                 192.07p
                                                                               
at Bid valuation - Prior charges at par                                 189.17p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              185.36p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              182.45p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £372,144,705
revenue)