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 20 February 2006.

Ordinary NAV (at Mid valuation - Prior charges                        195.16p
at PAR)                                                                      
                                                                             
Ordinary NAV (at Mid valuation - Prior charges                        187.55p
at Market Value)                                                             

Total Fund Value (inc. revenue)                                  £388,831,120