Director/PDMR Shareholding

To: Company Announcements

Date: 18 November 2011

Company: AXA Property Trust Limited

Subject: Directors Dealing

Pursuant to Listing Rule DTR3.1, AXA Property Trust Limited, announces that the following beneficial holding of ordinary shares was acquired by Mr Charles Hunter, a Director of the Company, on 16 November 2011.

11,202 ordinary shares at 44.6325p representing 0.011202% of the Company's issued share capital. The shares are registered in the name Mr Charles Hunter.

Mr Hunter is the beneficial holder of a total of 17,402 ordinary shares representing 0.017402% of the Company's issued share capital.

All enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Renee McIver

Tel: 01481 745324

Fax: 01481 745085