Holding in Company

Throgmorton Trust PLC
16 November 2001


1.  Name of Company:                                 The Throgmorton Trust PLC

2.  Name of shareholder                              JP Morgan Securities
                                                     Limited on behalf of JP
    having a major interest:                         Morgan Investment
                                                     Management Limited

3.  Please state whether notification indicates that In respect of funds
    it is in respect of holding of the shareholder   managed by shareholder in
    named in 2 above or in respect of a              (2) above
    non-beneficial interest or in the case of an
    individual holder if it is a holding of that
    person's spouse or children under the age of 18

3   Name of the registered                           Not disclosed

    holder(s) and, if more

    than one holder, the

    number of shares held

    by each of them:

4.  Number of shares acquired:                       Not disclosed

5.  Percentage of issued class acquired:             Not disclosed

6.  Number of shares disposed:                       Not disclosed

7.  Percentage of issued class                       Not disclosed

    Disposed:

8.  Class of security:                               5p Ordinary shares

9.  Date of transaction:                             Not disclosed

10. Date company informed:                           15 November 2001

11. Total holding following                          14,396,851

    this notification:

12. Total percentage holding                         6.06%

    of issued class following

    this notification:

13. Any additional Information:

14. Name of contact and                              Christopher
                                                     Wise
    telephone number for
                                                     020 7330
    queries:                                         6680

15. Date of Notification:                            16 November
                                                     2001