Portfolio Update

1 Oct 2007 12:00

AXA Property Trust Ld01 October 2007 To: RNSFrom: AXA Property TrustDate: 30 September Listing Rule 15 In accordance with paragraph 15.4.11 (ii) of the Listing Rules, AXA PropertyTrust Limited announces its ten largest investments, including all investmentwith a value greater than 5% of its gross assets, as at 30 September 2007: Country Location Status % of total assets 1 Germany Phoenix Centre,, Fuerth Completed 13.1%2 Germany Bahnhofstrasse, Rothenburg ob der Tauber Completed 12.2% 3 Italy Multiplex, Curno, Bergamo Completed 8.8%4 Italy SS Bergamina, Agnadello Completed 7.3%5 Germany Am Birkfeld, Dasing Completed 5.5%6 Netherlands Smakterweg, Venray Completed 5.2%7 Germany Industriestrasse, Montabaur - Completed 5.1% Heiligenroth8 Germany Bahnhofstrasse, Karben Completed 5.1%9 Germany Ruednitzer Chausse, Bernau Completed 4.8%10 Germany Nuerberger Strasse, Treuchtlingen Completed 3.9% All Enquiries: The Company SecretaryNorthern Trust International fud Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745529 This information is provided by RNS The company news service from the London Stock Exchange