Notice of AGM

AXA Property Trust Limited (the "Company") (a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 43007) 17 November 2014 Notice of AGM The Directors wish to announce that the Company has posted to its shareholdersa copy of the Annual Report and Consolidated Financial Statements for the yearended 30 June 2014 and Notice of theAnnual General Meeting, which is to be heldat 12 noon on 4 December 2014 at the Company's registered office, TrafalgarCourt, Les Banques, St Peter Port, Guernsey, GY1 3QL, Channel Islands. Copies of the above documents have been submitted to the National StorageMechanism and are available for inspection at: www.hemscott.com/nsm.do Enquiries: The Company SecretaryNorthern Trust International Fund Administrations Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745001Fax: 01481 745051