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08/20/2004 - AXA 2004 employee share offering: notification of definition changes

Paris - Following the fixing of final terms and conditions for the capital increase reserved for its employees, AXA confirms that the definitions of « Reference Price » and « Subscription Period » initially described in a French prospectus which received a preliminary visa N° 04-716 of the AMF on August 6, 2004 have been modified as follows.