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 28 June 2012 were:

211.58p Capital only
213.61p Including current year revenue
211.58p Capital only (adjusted for treasury shares)
213.61p 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.