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 30 July 2008 was:

146.96p Capital only: Debt at par
141.03p Capital only: Debt at Fair Value
148.72p Including current year revenue-debt at par
142.79p 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.