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 21 September 2006.

Ordinary NAV (Restated for changes in UK                                       
accounting standards)                                                          
                                                                               
at Mid valuation - Prior charges at par                                 191.99p
                                                                               
at Bid valuation - Prior charges at par                                 189.10p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              185.34p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              182.44p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £372,011,165
revenue)