Net Asset Value(s)

THE THROGMORTON TRUST PLC

The unaudited net asset values for The Throgmorton Trust PLC at close of
business 1 June 2012 were:

207.93p Capital only
209.49p Including current year revenue
207.93p Capital only (adjusted for treasury shares)
209.49p Including current year income (adjusted for treasury shares)

Notes:

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

2. Following the final conversion of 6,916,989 Subscription Shares into
Ordinary Shares on 8 November 2011, 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.