11/08/2009 - Press release to the attention of the Australian market - AXA announced today a joint proposal with AMP whereby AXA would acquire 100% of AXA APH's Asian businesses while AMP would acquire 100% of AXA APH's Australia & New Zealand businesses

AXA announced that a joint proposal was submitted by AMP and AXA to the AXA Asia Pacific Holdings ("AXA APH") board on November 6, 2009 whereby AMP would acquire 100% of the company for a consideration comprising AMP shares and cash.