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 1 July 2011 was:

245.98p Capital only
247.90p Including current year revenue
245.98p Capital only (adjusted for treasury shares)
247.90p Including current year income (adjusted for treasury shares)
231.97p Capital only (diluted for subscription shares)
233.62p Including current year income (diluted for subscription shares)

Notes:

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

2. Following the conversion of 2,082,544 Subscription Shares into Ordinary
Shares on 11 May 2011, the Company's issued share capital now comprises
62,879,817 Ordinary Shares, 7,400,000 Treasury Shares and 10,250,509
Subscription Shares.

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