Net Asset Value(s)

The following Net Asset Values (NAV) for The Throgmorton Trust PLC are released
by AXA Framlington Investment Management Limited as at 10 May 2006.

Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at par                                 210.58p
                                                                               
at Bid valuation - Prior charges at par                                 207.95p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              203.77p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              201.13p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £408,752,702
revenue)