Holding(s) in Company

AXA Property Trust Ld
04 July 2007



TR-1(i): notification of major interests in shares

+----------------------------------------------+------------------------------+
|1. Identity of the issuer or the underlying   |           AXA Prop           |
|issuer of existing shares to which voting     |                              |
|rights are attached(ii):                      |                              |
+----------------------------------------------+----------------------+-------+
|2. Reason for the notification (please tick the appropriate box or   |       |
|boxes)                                                               |       |
+---------------------------------------------------------------------+-------+
|An acquisition or disposal of voting rights                          |       |
+---------------------------------------------------------------------+-------+
|An acquisition or disposal of financial instruments which may result |       |
|in the acquisition of shares already issued to which voting rights   |       |
|are attached                                                         |       |
+---------------------------------------------------------------------+-------+
|An event changing the breakdown of voting rights                     |       |
+---------------------------------------------------------------------+-------+
|Other (please specify):____Disclosure for purposes of                |       |
|transparency_______                                                  |       |
+----------------------------------------------+----------------------+-------+
|3. Full name of person(s) subject to the      |       Quilter & Co Ltd       |
|notification obligation(iii):                 |                              |
+----------------------------------------------+------------------------------+
|4. Full name of shareholder(s) (if different  |             N/A              |
|from 3.)(iv):                                 |                              |
+----------------------------------------------+------------------------------+
|5. Date of the transaction (and date on which |         03 June 2007         |
|the threshold is crossed or reached if        |                              |
|different)(v):                                |                              |
+----------------------------------------------+------------------------------+
|6. Date on which issuer notified:             |         04 June 2007         |
+----------------------------------------------+------------------------------+
|7. Threshold(s) that is/are crossed or        |             12%              |
|reached:                                      |                              |
+----------------------------------------------+------------------------------+
|8. Notified details:                          |Nominee Holdings              |
+----------------------------------------------+----------------------+-------+
+----------------------------------------------+----------------------+-------+







+--------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                             |
+-----------+--------------------+-----------------------------------------------+
|Class/type |Situation previous  |Resulting situation after the triggering       |
|of shares  |to the Triggering   |transaction(vii)                               |
|           |transaction (vi)    |                                               |
|if possible+----------+---------+--------+---------------------+----------------+
|using the  |Number of |Number of|Number  |Number of voting     |% of voting     |
|ISIN CODE  |Shares    |Voting   |of      |rights ix            |rights          |
|           |          |Rights   |shares  |                     |                |
|           |          |viii     +--------+----------+----------+-------+--------+
|           |          |         |Direct  |Direct x  |Indirect  |Direct |Indirect|
|           |          |         |        |          |xi        |       |        |
+-----------+----------+---------+--------+----------+----------+-------+--------+
| Ordinary  |12,168,250| 12.17%  |        |          |11,932,230|       | 11.93% |
|Shares NPV |          |         |        |          |          |       |        |
|  B06T260  |          |         |        |          |          |       |        |
+-----------+----------+---------+--------+----------+----------+-------+--------+

+----------------------------------------------------------------------------------+
|B: Financial Instruments                                                          |
+----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction xii                          |
+----------------+-----------+-------------------+--------------------+------------+
|Type of         |Expiration |Exercise/          |Number of voting    |% of voting |
|financial       |date xiii  |Conversion Period/ |rights that may be  |rights      |
|instrument      |           |Date xiv           |acquired if the     |            |
|                |           |                   |instrument is       |            |
|                |           |                   |exercised/          |            |
|                |           |                   |converted.          |            |
+----------------+-----------+-------------------+--------------------+------------+
|                |           |                   |                    |            |
+----------------+-----------+-------------------+--------------------+------------+

+-------------------------------------------------------------------------------+
|Total (A+B)                                                                    |
+--------------------------------------+----------------------------------------+
|Number of voting rights               |% of voting rights                      |
+--------------------------------------+----------------------------------------+
|              11,932,230              |                 11.93%                 |
+--------------------------------------+----------------------------------------+








+-----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or   |
|the financial instruments are effectively held, if applicable xv:            |
+-----------------------------------------------------------------------------+
|                                                                             |
+-----------------------------------------------------------------------------+

+-----------------------------------------------------------------------------+
|Proxy Voting:                                                                |
+------------------------------------------------+----------------------------+
|10. Name of the proxy holder:                   |N/A                         |
+------------------------------------------------+----------------------------+
|11. Number of voting rights proxy holder will   |N/A                         |
|cease to hold:                                  |                            |
+------------------------------------------------+----------------------------+
|12. Date on which proxy holder will cease to    |N/A                         |
|hold voting rights:                             |                            |
+------------------------------------------------+----------------------------+

+--------------------------------+--------------------------------------------+
|13. Additional information:     |N/A                                         |
+--------------------------------+--------------------------------------------+
|14. Contact name:               |Dave Sauvarin                               |
+--------------------------------+--------------------------------------------+
|15. Contact telephone number:   |01481 745529                                |
+--------------------------------+--------------------------------------------+



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