Net Asset Value(s) per Exit Share

The unaudited net asset value for The Throgmorton Trust PLC tender pool at
close of business on 9 January 2009 was 16.94p per Exit Share after deduction
of the first interim payment of 47p per Exit Share which was paid on 30
September 2008, the second interim payment of 28p per Exit Share paid on 27
October 2008 and the third interim payment of 15p per Exit Share which was paid
on 5 December 2008.