Doc re Interim Distribution

5 December 2008

                           The Throgmorton Trust PLC                           

                       ("Throgmorton" or the "Company")                        
              Third Interim distribution to Exiting Shareholders               

Pursuant to the Tender Offer, the Board announces that a third interim
distribution, of 15 pence per Exit Share, is expected to be made to Exiting
Shareholders today (5 December 2008).

This third interim distribution represented approximately 46% of the net assets
in the Tender Pool as at close of business on 28 November 2008. Distributions
paid to date, including the third interim distribution, amount to 90 pence per
share.

Forms of payment for Exiting Shareholders are as follows:

  * Exiting Shareholders who held Shares in uncertificated form in CREST will
    be paid the consideration through CREST later today (5 December 2008) in
    favour of the Exiting Shareholders' payment bank in accordance with the
    CREST payment arrangement.
   
  * Exiting Shareholders who held Shares in certificated form will receive a
    cheque for the consideration from the Registrars by first class post to the
    registered address of the Exiting Shareholder or, in case of joint holders,
    the registered address of the first named holder. Cheques are expected to
    be posted today (5 December 2008).
   
The final distribution to Exiting Shareholders is due to be made by the end of
January 2009. However, investors should be aware that as described in paragraph
14 of part 2 of the Circular to Shareholders dated 1 August 2008, the Company
reserves the right, if the Board considers it to be in the interests of
Shareholders as a whole, to defer the realisation of the Tender Pool assets. If
current market conditions persist, it is the Manager's view that it is likely
that the final distribution will be deferred.

Defined terms in this announcement have the same meaning as in the Circular to
Shareholders dated 1 August 2008.

Enquiries

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