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 3 July 2008 was:

152.31p Capital only: Debt at par

146.52p Capital only: Debt at Fair Value

154.16p Including current year revenue-debt at par

148.37p Including current year revenue-debt at market

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.