Portfolio Update

RNS Number : 9191E

AXA Property Trust Ld

02 October 2008

To: RNS

From: AXA Property Trust

Date: 2 October 2008

AXA Property Trust Limited announces its ten largest investments, including all investments with a value greater than 5% of its gross assets, as at 30 September 2008:

	Country	Location	Status	% of total assets

1	Germany	Phoenix Centre, Fuerth	Completed	12.2%
2	Germany	Bahnhofstrasse, Rothenburg	Completed	11.3%
3	Italy	Multiplex, Curno, Bergamo	Completed	8.7%
4	Italy	SS Bergamina, Agnadello	Completed	7.5%
5	Germany	Am Birkfeld, Dasing	Completed	5.1%
6	Netherlands	Smakterweg, Venray	Completed	4.9%
7	Germany	Industriestrasse, Montabaur	Completed	4.6%
8	Germany	Bahnhofstrasse, Karben	Completed	4.5%
9	Germany	Ruednitzer Chausse, Bernau	Completed	4.1%
10	Germany	Nuernberger Strasse, Treuchtlingen	Completed	3.5%