Net Asset Value(s)

AXA Property Trust Ld
09 November 2005


To:           Company Announcements
Date:         09 November 2005
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
2005 was 99.14 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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