Portfolio Update

THE THROGMORTON TRUST PLC

MONTH ENDED 28 February 2007

Information based on valuation dated 28 February 2007:

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
                                                                               
UMECO                                   ORD 25P                    2.71        
                                                                               
FENNER                                  ORD 25P                    2.52        
                                                                               
HEADLAM GROUP                           ORD 5P                     2.42        
                                                                               
ENTERPRISE                              ORD 5P                     2.38        
                                                                               
RENSBURG SHEPPARDS                      ORD 10.989p                2.37        
                                                                               
SDL                                     ORD 1P                     2.36        
                                                                               
FINDEL                                  ORD 5P                     1.97        
                                                                               
BEAZLEY GROUP                           ORD 5P                     1.90        
                                                                               
AVEVA GROUP                             ORD 3.3333P                1.81        
                                                                               
GYRUS GROUP                             ORD 1P                     1.65        

2 March 2007