Net Asset Value(s)

AXA Property Trust Ld
08 February 2007


To: Company Announcements
Date: 08 February 2007
Company: AXA Property Trust Limited

Subject: Net Asset Value


Net Asset Value

The Net Asset Value per share of AXA Property Trust Limited as at 31 December
2006 was 97.17 pence.

The Net Asset Value attributable to the Shares is calculated on a capital basis
under International Financial Reporting Standards.

The NAV movement between 30 June 2006 (98.87 pence per share) and 31 December
2006 shows a fall of 1.70 pence per share. This can partly be attributed to
foreign exchange translation losses of £2.5 million (2.5 pence per share). The
property portfolio showed a capital gain over the same period of £2.4 million
(2.4 pence per share).

The company anticipates being fully invested by the end of the financial year to
30 June 2007.


All Enquiries:

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

Tel: [phone]
Fax: [phone]











                      This information is provided by RNS
            The company news service from the London Stock Exchange