Holding in Company

Throgmorton Trust PLC
10 January 2002


1.  Name of Company:                                          The Throgmorton
                                                              Trust PLC

2.  Name of shareholder                                       Electricity
                                                              Supply Pension
    having a major interest:                                  Scheme

3.  Please state whether notification indicates that it is in In respect of the
    respect of holding of the shareholder named in 2 above or shareholder in
    in respect of a non-beneficial interest or in the case of (2) above
    an individual holder if it is a holding of that person's
    spouse or children under the age of 18

3   Name of the registered                                    BNY (OCS)
                                                              Nominees Limited
    holder(s) and, if more                                    - A/C ESPSBEB

    than one holder, the

    number of shares held

    by each of them:

4.  Number of shares acquired:                                Nil

5.  Percentage of issued class acquired:                      Nil

6.  Number of shares disposed:                                411,600

7.  Percentage of issued class                                0.17%

    Disposed:

8.  Class of security:                                        5p Ordinary
                                                              shares

9.  Date of transaction:                                      8 January 2002

10. Date company informed:                                    10 January 2002

11. Total holding following                                   6,928,460

    this notification:

12. Total percentage holding                                  2.90%

    of issued class following

    this notification:

13. Any additional Information:

14. Name of contact and                                       Christopher
                                                              Wise
    telephone number for
                                                              020 7330 6680
    queries:                                                  

15. Date of Notification:                                     10 January
                                                              2002