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 7 September 2012 were:

228.85p Capital only
230.72p Including current year revenue XD
228.85p Capital only (adjusted for treasury shares)
230.72p 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.