Net Asset Value(s)

AXA Property Trust Ld
13 February 2008


To:        Company Announcements
Date:      13 February 2008
Company:   AXA Property Trust Limited

Subject:   Net Asset Value


Net Asset Value

The unaudited Net Asset Value per share of AXA Property Trust Limited as at 31
December 2007 was 109.16 pence (30 September 2007 - 104.71 pence).

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 31 December
2007, but does not include provision for the quarterly interim dividend which is
expected to be paid 29 February 2007.

Whilst the property portfolio valuation as at 31 December 2007 was virtually
unchanged from the valuation as at 30 September 2007, the Net Asset Value
increased as the result of significant translation gains arising from the
strengthening of the Euro against Sterling over the same period.

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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