AXA enhances its 2004 Embedded Value disclosure

AXA reported its 2004 Life & Savings Embedded Value and New Business Value, restated under European Embedded Value (EEV) principles, as published by the CFO Forum. The EEV methodology uses a bottom-up market consistent approach to better account for risks.

These results were announced at a conference on December 12, 2005 at AXA headquarters in Paris.

The broadcast of this conference in audio and a synchronized presentation is available on the www.axa.com in Investors Relations/Presentations.