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 11 May 2006.

Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at par                                 210.52p
                                                                               
at Bid valuation - Prior charges at par                                 207.93p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              203.67p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              201.07p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £408,642,789
revenue)