Portfolio Update

RNS Number : 1517E

AXA Property Trust Ld

01 April 2011

To: RNS

From: AXA Property Trust Limited

Date: 01 April 2011

AXA Property Trust Limited announces its ten largest investments, including all investments with a value greater than 5% of its gross assets, as at 31 March 2011:

	Country	Location	% of total assets

1	Germany	Phoenix Center, Fürth	13.7%
2	Germany	Rothenburg ob der Tauber	12.6%
3	Italy	Curno, Bergamo	9.9%
4	Italy	Bergamina, Agnadello	8.6%
5	Germany	Bahnhofstraße, Karben	5.2%
6	Netherlands	Smakterweg, Venray	5.1%
7	Germany	Am Birkfeld, Dasing	4.9%
8	Germany	Industriestraße, Montabaur-Heiligenroth	4.4%
9	Belgium	Keyser Center, Antwerp	4.1%
10	Germany	Pankower Allee, Berlin	3.7%