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 on 11 November 2013 were:

320.18p Capital only
324.02p including current year revenue
320.18p Capital only (adjusted for treasury shares)
324.02p including current year income (adjusted for treasury shares)

Notes:

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

2. The Company's issued share capital 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.