5th Aug 2008 07:00
To: Company Announcements
Date: 5 August 2008
Company: AXA Property Trust Limited
Subject: Net Asset Value
Net Asset Value
The unaudited Net Asset Value per share of AXA Property Trust Limited as at 30 June 2008 was 114.80 pence (31 March 2008 - 114.25 pence).
The Net Asset Value attributable to the Ordinary Shares is calculated under International Financial Reporting Standards. It includes all current year income and is calculated after the deduction of dividends paid prior to 30 June 2008, but does not include provision for the quarterly interim dividend announced on 5 August to be paid 29 August 2008.
The fair value (open market value) of the property portfolio declined by -0.7%. The property decline was offset by favourable foreign exchange translation effects due to the strengthening of the Euro and gains in the fair value of derivatives, particularly interest rate swaps.
All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745529
Fax: 01481 745085
Related Shares:
Worsley Inv Ltd