Result of AGM

AXA Property Trust Ld
06 October 2006

                                                                  6 October 2006

                           AXA PROPERTY TRUST LIMITED


                        Result of Annual General Meeting


At the Annual General Meeting held on 5 October 2006, the following Special
Resolution was passed;


'IT WAS RESOLVED THAT the Company be authorised, in accordance with Section 5 of
the Companies (Purchase of Own Shares) Ordinance 1998 ('the Ordinance'), to make
market purchases (within the meaning of Section 18 of the Ordinance) of the
Ordinary Shares of no par value ('the Shares') provided that;


a)      the maximum number of Ordinary Shares hereby authorised to be purchased
shall be 14.99% of the Company's issued share capital immediately following
Admission, as such term is defined in the Prospectus;

b)      the minimum price (exclusive of expenses ) which may be paid for such
shares shall be £0.01 per Share;

c)      the maximum price (exclusive of expenses payable by the Company) which
may be paid for the Shares shall be 5% above the average of the middle market
quotations taken from the London Stock Exchange Daily Official List for the five
business days before the purchase is made; and

d)      unless previously varied, revoked or renewed, the authority hereby
conferred shall expire on 31 December 2007 or, if earlier, at the conclusion of
the Annual General Meeting of the Company to be held in 2007, save that the
Company may, prior to such expiry, enter into a contract to purchase its own
shares under the authority and may make a purchase pursuant to any such
contract.



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]


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