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 18 February 2010 was:

149.77p Capital only
150.11p Including current Year Revenue XD
149.77p Capital only (adjusted for treasury shares)
150.11p Including current year income (adjusted for treasury shares) XD
149.15p Capital only (adjusted for subscription shares)
149.42p Including current year income (adjusted for subscription shares) XD

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.