Statement re Amendment to Management Agreement

BlackRock Throgmorton Trust plc

Amendment to Management Agreement

BlackRock Throgmorton Trust plc (the "Company") announces that the Directors
have agreed with the Company's manager, BlackRock Fund Managers Limited (the
"Manager"), certain amendments to the fees payable under the Investment
Management Agreement (the "IMA").

The terms of the current IMA between the Company and the Manager provide for
payment to the Manager of:

 1. a basic management fee, payable quarterly in arrear, of 0.7% per annum on
    the gross asset value of the Company's long only portfolio plus the gross
    value of the underlying equities, long and short, to which the Company is
    exposed through its CFD portfolio; and
   
 2. a performance fee of (i) 12.5% of any outperformance of the net asset value
    total return (before management and performance fees and expressed as a
    percentage) over the benchmark index multiplied by (ii) the average value
    of the portfolio. The payment of a performance fee is subject to a cap of
    2.0% of the average value of the portfolio if the NAV return over the
    annual performance period is zero or positive and 1.0% of the average value
    of the portfolio if the NAV return over the annual performance period is
    negative. Any excess performance fee over the capped amount for the annual
    performance period is neither paid nor carried forward.
   
The changes agreed between the parties are:

 1. The applicable percentage to be applied to the outperformance of the net
    asset value total return over the benchmark index shall be reduced from
    12.5% to 10%; and
   
 2. The performance fee cap in the event that the NAV return over the annual
    performance fee period is zero or positive, will be reduced from 2% to 1%
    of the average value of the portfolio.
   
For the avoidance of doubt, all other fees payable to the Manager remain
unaltered, including the 1% performance fee cap in the event of negative NAV
return over the annual performance fee period.

The amendments to the performance fee cap will take effect from 1 June 2015.
The reduction in the performance fee percentage participation will take effect
from 1 December 2015, the start of the Company's next financial year.

The amendment of the fee payable to the Manager, who is a related party of the
Company under the Listing Rules, amounts to a smaller related party transaction
as defined in Listing Rule 11.1.10.

For further information, please contact:

Simon White
BlackRock Investment Management (UK) Ltd

0207 743 5284