BlackRock Throgmorton Trust plc (THRG) Ordinary 5p Shares

The objective is to provide shareholders with long term capital growth and an attractive total return through investment primarily in UK smaller and mid-cap companies traded on the LSE. Company may hold up to 15% of its GA, in securities of companies which are listed or traded on a stock exchange outside the UK. In normal circumstances, company will likely hold a mixture of long and short CFDs and/or comparable equity derivatives that would result in a typical net market exposure of between 100% and 115%.In extremis, the Company could deploy the full 30% of permissible leverage into short CFDs and/or comparable equity derivatives, thereby reducing its overall net market exposure to 70%.

Annual management fee is 0.35% p.a. on gross assets. Performance fee is 15% of the outperformance of the NAV total return against the benchmark index. The contract is terminable on 6 months notice.

The Company pays dividends on a half yearly basis in the month of April and August. The amount of dividends and future dividend growth will depend on the performance of the underlying portfolio of Company. Any change in the tax treatment of the dividends or interest received by the Company may reduce the level of dividends received by shareholders.

Dan Whitestone

Daniel Whitestone is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Alpha Strategies Group. He is responsible for researching the travel and leisure sector. His service with the firm dates back to 2013. Prior to joining BlackRock, he worked for UBS, where he was the head of the UK small and mid-cap sales desk and ranked the number one salesperson in the Extel Small/Mid-Cap sales ratings in 2011 and 2012. Prior to working at UBS, he joined Noble and Co in 2006 as a UK small and mid-cap salesman. He began his career at Accenture, in 2003 as a strategy consultant. Dan has a degree in Combined Studies.

Christopher SamuelChairman, Louise Nash, Nigel Burton, Angela Lane, Merryn Webb