Result of AGM

Throgmorton Trust PLC
25 February 2000


The Board of The Throgmorton Trust PLC announces that at the Company's Annual
General Meeting held today the resolution to change the objective of the
Company, by removing the constraint of an income target, was duly passed by
shareholders by a majority of 99.95 per cent.

Accordingly, the Company's objective is now 'to provide shareholders with
capital growth and an attractive total return from investment predominantly in
listed UK smaller companies'.

Shareholders also approved a resolution to enable the share buy-back programme
to continue in the coming year, up to a total of 42,430,259 ordinary shares.