Holding(s) in Company

AXA Property Trust Ld
29 May 2007



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

1. Identity of the issuer or the underlying issuer AXA Prop
of existing shares to which voting rights are      --------------------
attached(1):
-------------------------------
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           AXA S.A 25 Avenue Matignon,
notification obligation(1):                        75008 Paris and its group of
-------------------------------                    companies
                                                   --------------------
4. Full name of shareholder(s) (if different from
3.)(1):                                                        --------------------
-------------------------------
5. Date of the transaction (and date on which the  13/05/2007
threshold is crossed or reached if different)(1):  --------------------
-------------------------------
6. Date on which issuer notified:                  14/05/2007
-------------------------------                    --------------------
7.
Threshold(s)
that is/are
crossed or
reached:                                                                       29%
-------------------------------                                --------------------
8. Notified details:
-------------------------------                                --------------------



A: Voting rights attached to shares

Class/    Situation previous to the Resulting situation after the triggering transaction(1)
type of   Triggering transaction
shares    (1)
if
possible  Number of    Number of    Number of    Number of voting rights  % of voting
using the Shares       Voting       shares       ix                       rights

ISIN                   Rights       Direct       Direct x     Indirect    Direct   Indirect
CODE                   viii                                   xi


B06T260   31,641,948   31,641,948   28,641,949   28,641,948   1,500,000    28.64       1.50

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of      Expiration Exercise/      Number of voting rights that may % of
financial    date       Conversion     be acquired if the instrument is voting
instrument   xiii       Period/ Date   exercised/ converted.            rights
                        xiv



Total (A+B)


Number of voting rights                      % of voting rights

        30,141,948                               30.14%




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

Name of the Company/Fund                Number of Share   % of issued share capital
LLXTY
Direct                                    14,200,000           14.20000

LPMTPY
Direct                                    14,200,000           14.20000

Sun Life Pensions Management Ltd
Direct                                         4,500            0.00450

Sun Life Unit Assurance Ltd
FTSE All Share Traker
Direct                                        19,803            0.01980

Sun Life Pensions Management
FTSE All Share Tracker
Direct                                        82,633            0.08263

AXA Framlington
Monthly Income
Indirect                                   1,500,000            1.50000

AXA Winterthur
Direct                                       135,012            0.13501

Total Direct                              28,641,948           28.64195

Total Indirect                             1,500,000            1.50000

                          TOTAL           30,141,948           30.14195

Proxy Voting:


10. Name of the proxy holder:                                             N/A

11. Number of voting rights proxy holder will cease to hold:              N/A

12. Date on which proxy holder will cease to hold voting rights:          N/A

13. Additional information:                          N/A

14. Contact name:                                    Dave Sauvarin

15. Contact telephone number:                        01481 745529


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