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 21 February 2011 was:

244.87p Capital only
245.26p Including current year revenue XD
244.87p Capital only (adjusted for treasury shares)
245.26p Including current year income (adjusted for treasury shares) XD
228.19p Capital only (diluted for subscription shares)
228.52p Including current year income (diluted for subscription shares) XD

Notes:

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

2. Following the conversion of 977,559 Subscription Shares into Ordinary Shares
on 7 February 2011, the Company's issued share capital now comprises 60,797,273 
Ordinary Shares, 7,400,000 Treasury Shares and 12,333,053 Subscription Shares.

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