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 22 August 2011 was:

200.87p Capital only
202.28p Including current year revenue XD
200.87p Capital only (adjusted for treasury shares)
202.28p Including current year income (adjusted for treasury shares) XD
195.68p Capital only (diluted for subscription shares)
196.96p Including current year income (diluted for subscription shares) XD

Notes:

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

2. Following the conversion of 3,333,920 Subscription Shares into Ordinary
Shares on 9 August 2011, the Company's issued share capital now comprises
66,213,737 Ordinary Shares, 7,400,000 Treasury Shares and 6,916,589
Subscription Shares.

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