Acquisition

AXA Property Trust Ld
23 June 2006


    AXA PROPERTY TRUST LIMITED MAKES FURTHER PROPERTY ACQUISITIONS IN EUROPE

23 June 2006


The Board is pleased to announce that the Company has now contracted to acquire
a logistics property in Germany for a total commitment of €12 million including
acquisition costs. This property is located in Dasing which is in between
Augsburg and Munich. The property shows a gross acquisition yield of 8.7%.

This recent acquisition brings the total contracted and optioned portfolio of
properties to €153.5 million after acquisition costs, showing a blended gross
acquisition yield of 8.15%.

The Board is pleased to advise that €67.7 million of property is now in
solicitor's hands, and expects these investments to be contracted in the near
future. Once these acquisitions are contracted the Company will have completed
its investment programme.


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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