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 29 July 2010 was:

169.98p Capital only
171.83p Including current year revenue XD
169.98p Capital only (adjusted for treasury shares)
171.83p Including current year income (adjusted for treasury shares) XD
165.13p Capital only (diluted for subscription shares)
166.61p Including current year income (diluted for subscription shares) XD

Notes:

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

2. 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. With effect from 29 July 2010, 7,400,000 
of these shares were taken to treasury and the balance of 8,408,683 were cancelled.  A 
further 7,400,000 shares held in treasury prior to this date were also cancelled.  Excluding 
treasury shares, the Company’s issued share capital now comprises 58,355,792 Ordinary 
Shares, 7,400,000 Treasury Shares and 14,774,534 Subscription Shares.

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