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 19 July 2010 was:

163.41p Capital only
165.88p Including current year revenue
163.41p Capital only (adjusted for treasury shares)
165.88p Including current year income (adjusted for treasury shares)
159.90p Capital only (diluted for subscription shares)
161.86p Including current year income (diluted for subscription shares)

Notes:

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

2. Following the conversion of 35,941 subscription shares into ordinary shares
on 7 May 2010, the Company's issued share capital consists of 74,164,475
Ordinary Shares (excluding treasury shares), 7,400,000 shares held in treasury
and 14,774,534 Subscription Shares. Following the tender of 21.3% of the
Company's issued ordinary share capital (excluding treasury shares) with effect
from 5 July 2010, 15,808,683 of the Company's shares were transferred to the
tender pool, and will be cancelled or taken to treasury when the tender pool
assets have been realised and the final tender consideration has been paid.
This leaves 58,355,792 continuing shares.

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