Net Asset Value(s)

AXA Property Trust Ld
20 November 2006


To: Company Announcements

Date: 20 November 2006

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 30 September
2006 was 96.61 pence.


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





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]











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