Net Asset Value(s) per Exit Share

The unaudited net asset value for The Throgmorton Trust PLC tender pool at
close of business on 24 October 2008 was 32.74p per Exit Share after deduction
of the first interim payment of 47p per Exit Share which was paid on 30
September 2008 and the second interim payment of 28p per Exit Share paid on 27
October 2008.