Statement re holdings in investment companies

THE THROGMORTON TRUST PLC

MONTH ENDED 30 JUNE 2004

Information based on valuation dated 30 June 2004:

In accordance with UKLA Listing Rules 21.20l(i), the investment companies/
trusts held by the Company which do not themselves have a stated investment
policy of restricting holdings in other investment companies/trusts to 15% of
their gross assets are listed below:

Company                                    Stock                   %           
                                                                               
                                                                   Gross Assets
                                                                               
NEWMEDIA SPARK PLC                         ORD 2.5P                0.59        
                                                                               
LONDON ASIA CAPITAL PLC                    ORD 5P                  0.30        

The total value of the above holdings represents 0.89% of the Company's gross
assets as at 30 June 2004.

2 July 2004