Net Asset Value(s)

NET ASSET VALUE

THE THROGMORTON TRUST PLC

The unaudited net asset values for The Throgmorton Trust PLC at close of
business 27 July 2012 were:

215.52p Capital only
217.17p Including current year revenue XD
215.52p Capital only (adjusted for treasury shares)
217.17p Including current year income (adjusted for treasury shares) XD

Notes:

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

2. The Company's issued share capital now comprises 73,130,326 Ordinary Shares
and 7,400,000 Treasury Shares.

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