Elimination of the dilutive impact of Shareplan 2021

In the context of the AXA Group’s 2021 employee share offering (Shareplan 2021)* and in order to eliminate any associated dilutive effect, AXA has executed today a share repurchase agreement with an investment services provider, whereby AXA will buy back its own shares for a maximum amount of Euro 319,400,000, in accordance with the terms of its share repurchase program**, with a view to cancelling them.

The price per share to be paid by AXA shall be determined on the basis of the arithmetic average of the daily volume-weighted average prices calculated over a period of 20 trading days commencing on September 14th, 2021 and corresponding to the fixing period for the shares to be issued under Shareplan 2021. Share buyback transactions by the investment services provider in relation to this agreement will not extend beyond October 11th, 2021.

*The AXA Group’s 2021 employee share offering (Shareplan 2021) has been authorized by the General Shareholders’ Meeting of April 29, 2021. Please refer to the press release issued on August 23, 2021 for further information on Shareplan 2021.

**AXA share repurchase program has been authorized by the General Shareholders’ Meeting of April 29, 2021.