Tender Offer

TENDER OFFER                                  

3 July 2009

The Board of The Throgmorton Trust PLC (the "Company") announces that the
Directors have resolved to exercise their discretion to implement a tender
offer (the "Tender Offer") as at 1 September 2009.

The Tender Offer will enable Shareholders to tender their Shares for cash,
subject to a maximum of 10 per cent. in aggregate of the Shares in issue at the
relevant time.

Whilst the Tender Offer is open to all Shareholders, the Directors have no
intention of tendering any of their own shares.

Following the move to BlackRock Investment Management (UK) Limited in July of
last year, the completion of the initial tender offer and the introduction of
the CFD portfolio, the Board believes that the Company is an attractive
investment opportunity and it is the Board's intention to focus on increasing
the size of the Company going forward. Therefore, in addition to the Tender
Offer, the Board is considering proposals for a bonus issue of subscription
shares to Shareholders on the register after the Tender Offer.

The Board believes that subscription shares represent an attractive way in
which investors can participate in any future net asset growth of the Company
through subscribing for Shares, as well as having the potential to increase the
size of the Company.

A circular to Shareholders will be posted in July 2009 containing details of
the Tender Offer, the procedure for tendering Shares and further details of the
proposed subscription share issue.

Enquiries:

Jonathan Ruck Keene
BlackRock
Telephone: [phone]

Joe Winkley/Sapna Shah
Oriel Securities
Telephone: [phone]


_____________________________________________________________________