CT Property Trust Limited — AGM Information 2013

Apr 26, 2013

AXA PROPERTY TRUST LIMITED Guernsey Company Registration No: 43007 (the "Company")

CERTIFIED TRUE EXTRACT OF THE MINUTES OF THE EXTRAORDINARY GENERAL MEETING OF THE MEMBERS OF THE COMPANY HELD AT TRAFALGAR COURT, LES BANQUES, ST PETER PORT, GUERNSEY GY1 3QL, CHANNEL ISLANDS ON FRIDAY 26 APRIL 2013 AT 1PM.

SPECIAL RESOLUTION 1: IT WAS RESOLVED THAT the Company modify its Investment Objective and Policy in the manner described in section 3 of Part I of the Company's circular dated 4 April 2013 (the "Circular").

• ORDINARY RESOLUTION 2: IT WAS RESOLVED THAT, conditional on the passing of Resolution 1, the Company's Management Fee arrangements be modified in the manner described in section 4 of Part I of the Circular and that these changes be and are hereby approved by independent Shareholders as a Related Party Transaction as described in section 5 of Part I of the Circular.
• SPECIAL RESOLUTION 3: IT WAS RESOLVED THAT, conditional on the passing of Resolution 1, the New Articles, a copy of which is produced to the meeting and initialled by the Chairman of the meeting for identification purposes, be and are hereby approved and adopted as the articles of association of the Company in substitution for and to the exclusion of the existing Articles.

..............................………………… For Northern Trust International Fund Administration Services (Guernsey) Limited As Secretary

26 April 2013 …………………………………………..

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