Portfolio Update

RNS Number : 9893U

AXA Property Trust Ld

02 July 2009

To: RNS

From: AXA Property Trust Limited

Date: 2 July 2009

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 June 2009:

	Country	Location	% of total assets

1	Germany	Bahnhofstraβe, Rothenburg ob der Tauber	12.5%
2	Germany	Phoenix Centre, Fürth	11.9%
3	Italy	Multiplex, Curno, Bergamo	9.2%
4	Italy	SS Bergamina, Agnadello	8.0%
5	Netherlands	Smakterweg, Venray	5.4%
6	Germany	Am Birkfeld, Dasing	5.1%
7	Germany	Bahnhofstraβe, Karben	5.1%
8	Germany	Industriestraβe, Montabaur-Heiligenroth	4.6%
9	Germany	Keyser Center, Antwerp	3.6%
10	Germany	Nürnberger Straβe, Treuchtlingen	3.6%