Portfolio Update

THE THROGMORTON TRUST PLC

MONTH ENDED 31 May 2007

Information based on valuation dated 31 May 2007:

In accordance with UKLA Listing Rule LR15.4.11R, there are no 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.

In accordance with UKLA Listing Rule LR15.4.11R(2), the top ten holdings and
holdings exceeding 5% of the Company's gross assets are listed below:

Top Ten Holdings:

Company                                 Stock                      %           
                                                                               
                                                                   Gross Assets
                                                                               
SDL                                     ORD 1P                     2.95        
                                                                               
FENNER                                  ORD 25P                    2.72        
                                                                               
UMECO                                   ORD 25P                    2.62        
                                                                               
HEADLAM GROUP                           ORD 5P                     2.54        
                                                                               
RENSBURG SHEPPARDS                      ORD 10.989p                2.32        
                                                                               
INTERNATIONAL FERRO METALS              NPV                        2.08        
                                                                               
FINDEL                                  ORD 5P                     1.95        
                                                                               
ACCSYS TECHNOLOGIES                     EUR 0.01                   1.93        
                                                                               
AVEVA GROUP                             ORD 3.3333P                1.87        
                                                                               
PARAGON GROUP OF COMPANIES              ORD 10P                    1.79        

4 June 2007