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 26 January 2007.

Ordinary NAV (Restated for changes in UK                                       
accounting standards)                                                          
                                                                               
at Mid valuation - Prior charges at par                                 216.72p
                                                                               
at Bid valuation - Prior charges at par                                 213.88p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              210.07p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              207.23p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £376,738,614
revenue)