Portfolio Update

THE THROGMORTON TRUST PLC

MONTH ENDED 30 November 2006

Information based on valuation dated 30 November 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
                                                                               
AVEVA GROUP                             ORD 10P                    2.97        
                                                                               
HEADLAM GROUP                           ORD 5P                     2.62        
                                                                               
UMECO                                   ORD 25P                    2.57        
                                                                               
FENNER                                  ORD 25P                    2.48        
                                                                               
ENTERPRISE                              ORD 5P                     2.38        
                                                                               
FINDEL                                  ORD 5P                     2.19        
                                                                               
RENSBURG SHEPPARDS                      ORD 0.10989                2.02        
                                                                               
BEAZLEY GROUP                           ORD 5P                     1.81        
                                                                               
GYRUS GROUP                             ORD 1P                     1.69        
                                                                               
ISOTRON                                 ORD 1p                     1.67        

4 December 2006