NAV/Interim Dividend

AXA Property Trust Ld
02 August 2007


To: Company Announcements
Date: 2 August 2007
Company: AXA Property Trust Limited

Subject: Net Asset Value and Dividend

Net Asset Value

The unaudited Net Asset Value per share of AXA Property Trust Limited as at 30
June 2007 was 98.75 pence (31 March 2007 - 98.15 pence), an increase of 0.6% for
the quarter.

The Net Asset Value attributable to the Ordinary Shares is calculated under
International Financial Reporting Standards. It includes all current year income
and is calculated after the deduction of dividends paid prior to 30 June 2007,
but does not include provision for the quarterly interim dividend which is
expected to be paid in August 2007.

An increase in the Net Asset Value as a result of significant gains in the value
of the property portfolio was partly reduced by translation losses arising from
the weakening of the Euro against Sterling in the financial year to 30 June
2007.

Interim Dividend

The Board announces a 4th interim dividend payment in respect of the year ending
30 June 2007 of 1.00 pence per share as per the schedule below:

The Board intends to keep the level of dividend under review in the light of
future rental growth.

Ex-Dividend Date - 8 August 2007

Record Date - 10 August 2007

Payment Date - 29 August 2007

This is the eighth dividend payment by the Company since its launch on 23 May
2005.


All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]
Fax: [phone]





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