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 8 February 2010 was:

144.68p Capital only
149.11p Including current Year Revenue
144.68p Capital only (adjusted for treasury shares)
149.11p Including current year income (adjusted for treasury shares)
144.90p Capital only (adjusted for subscription shares)
148.59p Including current year income (adjusted for subscription shares)


Notes:

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

2. Following the recent Tender Offer and Bonus Issue of Subscription Shares and conversion of 12,426
subscription shares with effect from 8 February 2010, the Company's issued share capital now consists 
of 74,128,534 Ordinary Shares (excluding treasury shares), 7,400,000 shares held in treasury and 14,810,475
Subscription Shares.

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