Result of AGM

AXA Property Trust Ld
10 December 2007


10 December 2007


                           AXA PROPERTY TRUST LIMITED


                        Result of Annual General Meeting


At the Annual General Meeting held on 10 December 2007, the following Special
Resolutions were passed;


Special Resolution 1


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 each ( ' Ordinary Shares') either for retention
as treasury shares of transfer, or cancellation, provided that:


a) the maximum number of Ordinary Shares hereby authorised to be purchased shall
   be 14.99 per cent of the issued Ordinary Shares on the date on which this 
   resolution is passed;


b) the minimum price which may be paid for an Ordinary Share shall be 1p;


c) the maximum price (exclusive of expenses) which may be paid for an Ordinary
   Share shall be 105 per cent of the average of the middle market quotation (as
   derived from the Daily Official List) for the ordinary Shares for the five
   business days immediately preceding the date of purchase: and

d) unless previously varied, revoked or renewed, the authority hereby conferred
   shall expire on 31 December 2008 or, if earlier at the conclusion of the 
   Annual General Meeting of the Company to be held in 2008, save that the 
   Company may, prior to such expiry, enter into a contract to purchase Ordinary 
   Shares under such authority and may make a purchase of Ordinary Shares 
   pursuant to any such contract.


Special Resolution 2


IT WAS RESOLVED THAT the Company be authorised, in accordance with section 1 of
The Companies (Purchase of Own Shares) (Treasury Shares) Ordinance, 2006, to
hold any shares, purchased by it in accordance with the Companies (Purchase of
Own Shares) Ordinance, 1998, and out of distributable profits, as treasury
shares, by way of an amendment to the Company's articles of association as set
out in the proposed articles of association tabled at the Annual General Meeting
which will replace the Company's existing articles of association.


Special Resolution 3


IT WAS RESOLVED THAT the Company be authorised to lend or act as guarantor on
behalf of third parties, by way of an amendment to the Company's articles of
association as set out in the proposed articles of association tabled at the
Annual General Meeting which will replace the Company's existing articles of
association.


Resolution 4


IT WAS RESOLVED THAT the articles of association of the Company be amended to
reflect the changes requested pursuant to Special Resolutions 2 and 3 by
deleting the existing articles of association in their entirety and replacing
them with the articles of association as tabled at the Annual General Meeting.



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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