Tender Offer - Distribution to Exiting Sharehol...

14 September 2009

                           The Throgmorton Trust PLC                           

                       ("Throgmorton" or the "Company")                        

                     Distribution to Exiting Shareholders                      

Pursuant to the Tender Offer, the Board is pleased to announce that the Tender
Pool has been realised in full and that the Tender Price of 126.52 pence per
Exit Share, together with interest accruing thereon, is expected to be paid to
Exiting Shareholders on or by Friday, 25 September 2009.

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 on or by 25 September 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 on or by 25 September 2009.
   
In accordance with the terms of the Tender Offer the Company has repurchased a
total of 8,235,089 Ordinary Shares. Following cancellation of the 8,200,000
shares currently held in treasury, 7,400,000 of the Ordinary Shares repurchased
pursuant to the Tender Offer will be placed in treasury and 835,089 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 81,516,108.

Defined terms in this announcement have the same meaning as in the Circular to
Shareholders dated 27 July 2009.

Enquiries:

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

Oriel Securities Limited
Joe Winkley - [phone]
Sapna Shah - [phone]