Result of Tender offer

THE THROGMORTON TRUST PLC (the "Company)                    

                          RESULTS OF THE TENDER OFFER                          

The Board of The Throgmorton Trust Plc announces the results of the proposed
tender offer for up to 25 per cent of the Ordinary Shares in issue (the "Tender
Offer)" which closed on 28 June 2010. The Tender Offer is subject to
Shareholder approval at the General Meeting of the Company to be held at 
33 King William Street, London EC4R 9AS at 2.00 pm on 1 July 2010.

Valid tenders were received from Shareholders tendering;

- for cash at the Tender Price per Cash Exit Share in respect of 10,132,913
  Ordinary Shares (13.7 per cent of the Company's Ordinary Shares in issue
  excluding treasury shares); and

- for shares pursuant to the In Specie Distribution Option in respect of
  5,675,770 Ordinary Shares (7.6 per cent of the Company's Ordinary Shares in
  issue excluding treasury shares).
   
In total, 21.3 per cent of the Company's Ordinary Shares outstanding on the
Tender Closing Date will be repurchased under the Tender Offer. The Tender
Offer was undersubscribed and the Company will not therefore be implementing
the Subsequent Repurchase of up to 14.99 per cent. of the Ordinary Shares in
issue on the Record Date.

Defined terms in this announcement have the same meaning as in the Circular.

Expected timetable:                                                          
                                                                             
Record date for the Tender Offer           close of business on 12 April 2010
                                                                             
Latest time and date for receipt of                 2.00 p.m. on 29 June 2010
Forms of Proxy for General Meeting                                           
                                                                             
General Meeting                                      2.00 p.m. on 1 July 2010
                                                                             
Results of General Meeting and                                    2 July 2010
Tender Offer announced                                                       
                                                                             
Calculation date                             close of business on 5 July 2010
                                                                             
Balancing and new Ordinary Share                expected to be by 6 July 2010
certificates despatched and CREST                                            
accounts credited                                                            
                                                                             
Transfer of portfolio assets to                                  14 July 2010
Qualifying Shareholders that have 
elected for the In Specie Distribution 
Option                                                
                                                                             
Date of Court hearing to confirm                                 28 July 2010
cancellation of the share premium                                            
account                                                                      
                                                                             
First interim distribution under the           expected to be by 22 July 2010
Tender Offer announced: cheques                                              
dispatched and payments through CREST 
made                                              
                                                                             
Tender Price per Cash Exit Share         as soon as practicable after General
announced; final distribution under      Meeting but expected to be by end of
Tender Offer of assets in Tender Pool                             August 2010
announced; cheques despatched and                                            
payments through CREST made                                                  

Enquiries:

Kerry Higgins
Representing the Company Secretary
BlackRock Investment Management (UK) Limited
Telephone: [phone]

Jonathan Ruck Keene
BlackRock Investment Management (UK) Limited
Telephone: [phone]

Joe Winkley/Gareth Price
Oriel Securities Limited
Telephone: [phone]