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 12 May 2006.

Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at par                                 208.13p
                                                                               
at Bid valuation - Prior charges at par                                 205.08p
                                                                               
Ordinary NAV                                                                   
                                                                               
at Mid valuation - Prior charges at Market                              201.34p
Value                                                                          
                                                                               
at Bid valuation - Prior charges at Market                              198.30p
Value                                                                          
                                                                               
Total Fund Value (at Mid valuation inc.                            £404,373,588
revenue)