Net Asset Value(s)

27 May 2015 AXA Property Trust Limited Net Asset Value 31 March 2015 (Unaudited) FUND NAME NAV PER NET ASSET VALUE NAV DATE SHARE (£000s) AXA Property Trust Limited 53.56p 47,596 31 March 2015 Company website: http://www.axa-im.co.uk All Enquiries: Investment ManagerAXA Investment Managers UK LimitedBroker Services7 Newgate StreetLondon EC1A 7NXTel: +44 (0)20 7003 2345Email: [email protected] BrokerStifel Nicolaus Europe Limited150 CheapsideLondon EC2V 6ETNeil Winward / Mark BloomfieldTel: +44 (0)20 7710 7600 Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGY1 3QLTel: +44 (0)1481 745324 END