Worsley Inv Ltd Regulatory News (WINV)

7 Nov 2007 12:18

AXA Property Trust Ld07 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 30September 2007 was 104.71 pence (30 June 2007 - 99.98 pence), an increase of4.73% for the quarter. The Net Asset Value attributable to the Ordinary Shares is calculated underInternational Financial Reporting Standards. It includes all current year incomeand is calculated after the deduction of dividends paid prior to 30 September2007, but does not include provision for the quarterly interim dividend which isexpected to be paid in November 2007. An increase in the Net Asset Value as a result of gains in the value of theproperty portfolio was enhanced by translation gains arising from thestrengthening of the Euro against Sterling in the financial quarter to 30September 2007. The property portfolio, excluding the Porto Kali company investment, is held ata gross market yield of 7.04%. Interim Dividend The Board announces the 1st interim dividend payment in respect of the yearending 30 June 2008 of 1.00 pence per share. The Board is confident that this level of dividend is stable given the securityof the income stream and the interest rate hedging in place. The dividend willbe kept under review in the light of future rental growth and cost savinginitiatives. 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 May2005. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745529Fax: 01481 745085 This information is provided by RNS The company news service from the London Stock Exchange