Execution of a share repurchase agreement in relation to AXA’s share buy-back program of up to Euro 1.1 billion as announced on February 23, 2023

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 1.1 billion, as communicated on February 23, 2023. The share repurchase agreement will be executed in accordance with the terms of the applicable Shareholders’ Annual General Meeting authorization*.

Under the share repurchase agreement** announced today, shares will be bought back commencing on February 27, 2023, and ending at the latest on May 16, 2023. On each day during the purchase period, the price per share to be paid by AXA*** will be determined on the basis of the volume-weighted average share price.

AXA intends to cancel all shares repurchased pursuant to this share buy-back program.

Information regarding share buyback programs is disclosed on the AXA Group**** website.

*The Shareholders’ Annual General Meeting authorization granted on April 28, 2022, or the authorization expected to be granted by the Shareholders’ Annual General Meeting on April 27, 2023, as applicable.

**The up to Euro 1.1 billion share buy-back program will be executed in addition to any other potential share buy-back transactions that may be launched by AXA, including the previously announced share buy-back to be executed following the closing of the sale of the closed Life & Pensions portfolio by AXA Germany

***The purchase price will not exceed the maximum purchase price approved at the applicable Shareholders’ Annual General Meeting.

****https://www.axa.com/en/investor/share-buyback-programs#tab=share-buy-back-program-total