Willingness to have each and every employee participate in AXA Group's success

During AXA's annual shareholders' meeting held today, all resolutions submitted for voting were approved, especially that of allowing the Management Board to distribute free AXA shares to all AXA employees as part of the « AXA Miles » program representing up to 0.7% of AXA's share capital (or around 14 millions shares based on AXA's current share capital).

AXA Miles is one of several key human resources initiatives of AXA's company wide project "Ambition 2012" which aims for the company to become the preferred company in its industry by 2012 of its clients, shareholders and employees. The success of Ambition 2012 will be determined through motivated and engaged teams which should lead the Group to doubling its size in terms of revenues and tripling its underlying earnings per share between 2004 and 2012.

Henri de Castries has expressed his willingness to have each and every employee participate in AXA Group's success: "The key to the success of Ambition 2012 resides in the engagement of each employee, and if efforts are shared, so must its success."

Each AXA employee around the world shall be allocated 50 free AXA shares by the end of 2007 to thank them for their efforts for the first two years of the Ambition 2012 plan. In 2009, provided the Group is still in line with its initial plan*, the Management Board will allocate 50 additional shares to each AXA employee. Employees will actually receive the shares in 2011 for the first allocation of 50 shares and in 2013 for the second allocation of 50 shares. The integration of the Winterthur Group acquired in 2006 increased the number of AXA employees to around 120,000 worldwide.

* In line with the Ambition 2012 project "Becoming the Preferred Company" will be measured by two criteria: operating earnings per share net of interests charges on TSS and TSDI of Euro 2.41 per share and an index (satisfied customers - unsatisfied customers) of customer satisfaction of 82 in 2008 - For reference, this index stood at 79 in 2006.