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 31 July 2008 was:

146.42p Capital only: Debt at par

140.42p Capital only: Debt at Fair Value

148.19p Including current year revenue-debt at par

142.18p 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.