Withdrawal and termination of AXA's conditional proposal to acquire the minority interests in AXA Asia Pacific Holdings (AXA APH) through a scheme of arrangement

Paris - AXA announced that its conditional proposal to acquire the minority interests in AXA APH through a Scheme of Arrangement that was announced on August 6, 2004 was withdrawn and terminated following the decision of AXA APH's Committee of Independent Directors (the Independent Committee) not to recommend AXA's final offer.