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 1 August 2008 was:

145.55p Capital only: Debt at par
139.51p Capital only: Debt at Fair Value
147.31p Including current year revenue-debt at par
141.27p 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.