On March 16, 2012, the AXA Group granted fifty free AXA ordinary shares ("AXA Miles") to more than 120,000 employees worldwide, engaging all employees in the successful execution of the company's strategic plan Ambition AXA.
A first tranche of 25 AXA Miles was granted without any condition.
The second tranche was subject to the fulfilment of a performance condition determined by AXA's Board of Directors. This condition required the achievement of at least one of two indicators related to Ambition AXA: 1/ an increase in underlying earnings per share or 2/ an increase in the Group's customer satisfaction index ("Customer Scope").
For the year ended December 31, 2012, both of these conditions were met and, consequently, the grant of the second tranche has been confirmed.