AXA to sell its operations in Taïwan to China Life Insurance Co Ltd.

AXA announced on July 25, it has reached an agreement with China Life Insurance Co Ltd., a life insurance company incorporated in Taiwan, for the sale of Winterthur Life Taiwan Branch (WLTB).

In 2006, WLTB had a premium volume of circa Euro 100 million* and a 0.35% market share.

The transaction is subject to customary regulatory approvals and is expected to close by year-end 2007.

* US GAAP