Disposal

AXA Property Trust Ltd - Disposal

PR Newswire

London, December 7

6 December 2016

AXA Property Trust Limited

Update on Asset Disposals

The Board of AXA Property Trust Limited is pleased to announce that the Company has entered into a binding contract for the sale of the property at Rothenberg, Germany. The contracted sales price is €22.02 million reflecting a discount of 1.7% below the asset’s independent valuation as at 30 September 2016. Completion is expected at the end of January 2017. Following the receipt of funds net sales proceeds, together with surplus cash reserves, will be returned to shareholders as soon as practicable. Following the sale of Rothenberg, the Company’s last remaining asset will be the UCI Multiplex in Curno, Italy. Further updates on the disposal of this asset will be provided in due course. All Enquiries: Investment Manager AXA Investment Managers UK LimitedBroker Services7 Newgate StreetLondon EC1A 7NXTel: +44 (0)20 7003 2345Email: broker.services@axa-im.comCorporate BrokerStifel Nicolaus Europe Limited150 CheapsideLondon EC2V 6ETTel: +44 (0)20 7710 7600 Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGY1 3QLTel: +44 (0)1481 745324