Dividend Declaration

To: Company Announcements

Date: 3 November 2011

Company: AXA Property Trust Limited

Subject: Interim Dividend

Interim Dividend

The Board announces details of the dividend payment in respect of the three months to 30 September 2011 has been reduced to 0.50 pence per share as referred to in the Interim Management Statement announced today.

Ex-Dividend Date - 9 November 2011

Record Date - 11 November 2011

Payment Date - 29 November 2011

It is the Company's intention to restore the 0.75 pence per share quarterly dividend by March 2012.

This is the twenty-fifth dividend payment by the Company since its launch on 23 May 2005.

All Enquiries:

Sponsor and Broker

Oriel Securities Limited

Joe Winkley

Tel: 020 7710 7600

Investment Manager 

AXA Investment Managers UK Limited

7 Newgate Street

London EC1A 7NX

Tel: 0845 766 0184

Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745324

Fax: 01481 745085