Result of Tender offer

27 March 2009

                           The Throgmorton Trust PLC                           

                       ("Throgmorton" or the "Company")                        

                  Final distribution to Exiting Shareholders                   

Pursuant to the Tender Offer, the Board announces that the final distribution,
of 16.71 pence per Exit Share, is expected to be made to Exiting Shareholders
today (27 March 2009).

Distributions paid to date, including the final distribution, amount to 106.71
pence per share.

Forms of payment for Exiting Shareholders are as follows:

  * Exiting Shareholders who held Shares in uncertificated form in CREST will
    be paid the consideration through CREST later today (27 March 2009) in
    favour of the Exiting Shareholders' payment bank in accordance with the
    CREST payment arrangement.
   
  * Exiting Shareholders who held Shares in certificated form will receive a
    cheque for the consideration from the Registrars by first class post to the
    registered address of the Exiting Shareholder or, in case of joint holders,
    the registered address of the first named holder. Cheques are expected to
    be posted today (27 March 2009).
   
In accordance with the terms of the Tender Offer the Company has repurchased a
total of 54,900,675 Ordinary Shares of which 8,200,000 will be held in treasury
and 46,700,675 will be cancelled.

Following the Tender Offer the number of Ordinary Shares that the Company has
in issue, less the total number of Ordinary Shares held by the Company in
Treasury, is 82,351,197.

Defined terms in this announcement have the same meaning as in the Circular to
Shareholders dated 1 August 2008.

Enquiries:

BlackRock Investment Management (UK) Limited
Jonathan Ruck Keene [phone]

JP Morgan Cazenove
Angus Gordon Lennox [phone]