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 27 February 2006.

Ordinary NAV (at Mid valuation - Prior charges                        196.68p
at PAR)                                                                      
                                                                             
Ordinary NAV (at Mid valuation - Prior charges                        189.17p
at Market Value)                                                             

Total Fund Value (inc. revenue)                                  £391,619,066