Resolutions Passed Enabling Purchase of Own Shares

Throgmorton Trust PLC
12 November 1999


The Throgmorton Trust PLC (the 'Company')

Resolutions passed enabling the Company to purchase its Shares

The Board of The Throgmorton Trust PLC is pleased to announce that at the
extraordinary general meeting ('EGM') of the company held today (12 November
1999) the special resolution enabling the company to purchase up to 14.9% or
45,266,176 of its shares was duly passed.   At a separate meeting of
stockholders following the EGM, the proposed purchase of shares was sanctioned
and approved.

The authority to purchase shares will expire 12 months from the passing of the
special resolution although the board will seek to renew the authority at its
next annual general meeting to be held in March 2000.