6 December 2016 AXA Property Trust Limited Update on Asset Disposals

The Board of AXA Property Trust Limited is pleased to announce that the Company has entered into a binding contract for the sale of the property at Rothenberg, Germany. The contracted sales price is

€22.02 million reflecting a discount of 1.7% below the asset's independent valuation as at 30 September 2016. Completion is expected at the end of January 2017. Following the receipt of funds net sales proceeds, together with surplus cash reserves, will be returned to shareholders as soon as practicable.

Following the sale of Rothenberg, the Company's last remaining asset will be the UCI Multiplex in Curno, Italy. Further updates on the disposal of this asset will be provided in due course.

All Enquiries:

Investment Manager

AXA Investment Managers UK Limited Broker Services

7 Newgate Street London EC1A 7NX

Tel: +44 (0)20 7003 2345

Email: broker.services@axa-im.com

Corporate Broker

Stifel Nicolaus Europe Limited 150 Cheapside

London EC2V 6ET

Tel: +44 (0)20 7710 7600

Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court

Les Banques St Peter Port GY1 3QL

Tel: +44 (0)1481 745324

AXA Property Trust Ltd. published this content on 06 January 2017 and is solely responsible for the information contained herein.
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