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 4 August 2010 was:

171.78p Capital only
173.64p Including current year revenue XD
171.78p Capital only (adjusted for treasury shares)
173.64p Including current year income (adjusted for treasury shares) XD
166.57p Capital only (diluted for subscription shares)
168.06p 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.