AXA Group

As of April 22, 2008, the Compensation Committee had 3 members: Norbert Dentressangle (Chairman), Anthony Hamilton and Gérard Mestrallet.

The Compensation Committee has the following principal missions:

• to make recommendations to the Supervisory Board on compensation levels for each Management Board member, on the amount of directors' fees proposed to the Company's shareholders for approval, and on stock options, free share or other equity compensation grants to members of the Management Board;
• to examine the performance of the Management Board members and to give an account of its conclusions to the Supervisory Board;
• to issue an opinion on the Management Board recommendations related to the policies and procedures governing executive pay and the Company's proposed stock option, free share and other equity compensation grants to AXA Group employees; and
• to be informed by the Management Board of compensation levels set by the boards of AXA Group subsidiaries for their principal executive officers.

The Compensation Committee met three times in 2007. The global attendance rate was 91.67%. Within the framework of its principal missions such as described above the Committee notably focused on the following issues:

• compensation paid to members of the Management Board and the Executive Committee;
• stock-options: valuation principles;
• Supervisory Board members' fees;
• Equity plan 2007.