Portfolio Update

THE THROGMORTON TRUST PLC

MONTH ENDED 31 August 2006

Information based on valuation dated 31 August 2006:

In accordance with UKLA Listing Rule LR15.4.11R, there are no investment
companies/trusts held by the Company which do not themselves have a stated
investment policy of restricting holdings in other investment companies/trusts
to 15% of their gross assets.

In accordance with UKLA Listing Rule LR15.4.11R(2), the top ten holdings and
holdings exceeding 5% of the Company's gross assets are listed below:

Top Ten Holdings:

Company                                 Stock                      %           
                                                                               
                                                                   Gross Assets
                                                                               
HEADLAM GROUP                           ORD 5P                     2.65        
                                                                               
UMECO                                   ORD 25P                    2.58        
                                                                               
FINDEL                                  ORD 5P                     2.46        
                                                                               
FENNER                                  ORD 25P                    2.37        
                                                                               
AVEVA GROUP                             ORD 10P                    2.28        
                                                                               
ENTERPRISE                              ORD 5P                     2.00        
                                                                               
GYRUS GROUP                             ORD 1P                     1.90        
                                                                               
RATHBONE BROTHERS                       ORD 5P                     1.69        
                                                                               
BEAZLEY GROUP                           ORD 5P                     1.67        
                                                                               
SDL                                     ORD 1P                     1.65        

4 September 2006