Dividend and NAV

AXA Property Trust Ld
07 November 2007


To:      Company Announcements

Date:    7 November 2007

Company: AXA Property Trust Limited


Subject: Dividend and Net Asset Value


Net Asset Value


The unaudited Net Asset Value per share of AXA Property Trust Limited as at 30
September 2007 was 104.71 pence (30 June 2007 - 99.98 pence), an increase of
4.73% for the quarter.


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 30 September
2007, but does not include provision for the quarterly interim dividend which is
expected to be paid in November 2007.


An increase in the Net Asset Value as a result of gains in the value of the
property portfolio was enhanced by translation gains arising from the
strengthening of the Euro against Sterling in the financial quarter to 30
September 2007.


The property portfolio, excluding the Porto Kali company investment, is held at
a gross market yield of 7.04%.



Interim Dividend


The Board announces the 1st interim dividend payment in respect of the year
ending 30 June 2008 of 1.00 pence per share.


The Board is confident that this level of dividend is stable given the security
of the income stream and the interest rate hedging in place. The dividend will
be kept under review in the light of future rental growth and cost saving
initiatives.


Ex-Dividend Date - 14 November 2007


Record Date - 16 November 2007


Payment Date - 30 November 2007


This is the ninth dividend payment by the Company since its launch on 23 May
2005.


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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