AXA PROPERTY TRUST LTD - Replacement : Notification of Major Share Interest

This is a correction to the announcement made at 10:45am today. The number of voting rights in section 8 showed
2,993,763 -- this has been corrected to 2,993,761, all other details remain the same.



For filings with the FCA include the annex

For filings with issuer exclude the annex


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi


1. Identity of the issuer or the underlying issuer                      AXA PROPERTY TRUST
of existing shares to which voting rights are                                         LTD.
attached:ii
                                                                        ISIN: GB00B06T2607

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                              X

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the                           KG INVESTMENTS FUND LLC
notification obligation:iii

4. Full name of shareholder(s)
 (if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                                                7/31/2014
reached: v

6. Date on which issuer notified:                                                7/31/2014

7. Threshold(s) that is/are crossed or                        OWNERSHIP DECREASED TO 3.24%
reached: vi, vii


8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type   Situation previous                  Resulting situation after the triggering transaction
of           to the triggering
shares       transaction


if possible  Number                Number        Number    Number of voting        % of  voting rights
using        of                    of            of shares rights                  x
the ISIN     Shares                Voting
CODE                               Rights
                                                 Direct    Direct xi Indirect xii  Direct  Indirect
ISIN:
GB00B06T2607 5,993,761             5,993,761     2,993,761 2,993,761               3.24%




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of        Expiration           Exercise/               Number of voting             % of voting
financial      date xiii            Conversion Period xiv   rights that may be           rights
instrument                                                  acquired if the
                                                            instrument is
                                                            exercised/ converted.




C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

Type of       Exercise price       Expiration  Exercise/   Number of voting rights    % of voting
financial                          date xvii   Conversion  instrument refers to       rights xix, xx
instrument                                     period
                                               xviii

                                                                                      Nominal Delta




Total (A+B+C)

Number of voting rights                                 Percentage of voting rights

2,993,761                                               3.24%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi



Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

14. Contact name:                                                                TOM YAU

15. Contact telephone number:                                               646-415-6237



Note: Annex should only be submitted to the FCA not the issuer

Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification
obligation

Full name
                                                                     KG INVESTMENTS FUND
(including legal form of legal entities)                                             LLC


Contact address                                                       3 COLUMBUS CIRCLE,
                                                                              SUITE 1402
(registered office for legal entities)
                                                                      NEW YORK, NY 10019


Phone number & email                                                        212-247-4590

                                                                        [e-mail];
                                                                         [e-mail]

Other useful information

(at least legal representative for legal persons)



B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g. functional relationship with the person or legal entity
subject to the notification obligation)


C: Additional information

For notes on how to complete form TR-1 please see the FCA website.

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