Update on the AXA APH transaction: ACCC to conduct market enquiries

AXA announced today that AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) have been advised by the Australian Competition and Consumer Commission (ACCC) that it will be conducting market enquiries regarding proposed enforceable undertakings offered by NAB and AXA APH in relation to concerns raised by the ACCC with respect to NAB's proposed acquisition of 100% of AXA APH and subsequent divestment of 100% of AXA APH's Asian businesses to AXA (the "proposed transaction").