Net Asset Value(s)

The following Net Asset Value (NAV) for The Throgmorton Trust PLC is released
by

AXA Framlington Investment Management Limited as at 23 February 2006.

Ordinary NAV (at Mid valuation - Prior charges                        195.69p
at PAR)                                                                      
                                                                             
Ordinary NAV (at Mid valuation - Prior charges                        188.08p
at Market Value)                                                             

Total Fund Value (inc. revenue)                                  £389,795,589