Net Asset Value(s)

NET ASSET VALUE

THE THROGMORTON TRUST plc

The unaudited net asset value for The Throgmorton Trust plc at close of
business on 25 July 2008 was:

144.94p Capital only: Debt at par
139.11p Capital only: Debt at Fair Value
146.65p Including current year revenue-debt at par
140.82p Including current year revenue-debt at Fair Value

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.