Net Asset Value(s)

The following Net Asset Value (NAV) for The Throgmorton Trust PLC is released
by

AXA Framlington Investment Management Limited as at 16 February 2006.

Ordinary NAV (at Mid valuation - Prior charges                        193.70p
at PAR)                                                                      
                                                                             
Ordinary NAV (at Mid valuation - Prior charges                        186.18p
at Market Value)                                                             

Total Fund Value (inc. revenue)                                  £386,175,470