REG-Throgmorton Tst PLC: Net Asset Value(s)

NET ASSET VALUE

THE THROGMORTON TRUST PLC

The unaudited net asset value for The Throgmorton Trust PLC at close of
business on 28 October 2009 was:

140.99p Capital only
144.62p Including current Year Revenue
140.99p Capital only (diluted for treasury shares)
144.62p Including current year income (diluted for treasury shares)
140.99p Capital only (diluted for subscription shares)
144.62p Including current year income (diluted for subscription shares)

Notes:

1. Investments have been valued on a bid price basis.

2. Following the recent Tender Offer and Bonus Issue of Subscription Shares,
the Company's issued share capital now consists of 74,116,108 Ordinary Shares
(excluding treasury shares), 7,400,000 shares held in treasury and 14,822,901
Subscription Shares.

3. Revenue items included in net asset value, with dividends payable deducted
on the ex-dividend date.