Execution of a share repurchase agreement of up to Euro 3.8 billion following the sale of AXA IM

AXA has executed a share repurchase agreement today with an investment services provider, whereby AXA will carry out a program to buy back its own shares for a maximum amount of Euro 3.8 billion to offset the earnings dilution from the sale of AXA Investment Managers (AXA IM) to BNP Paribas, as announced on August 1, 2024.

The share repurchase agreement will be executed in accordance with the terms of the applicable Shareholders’ Meeting authorization.

Under the share repurchase agreement, shares will be bought back commencing on July 2, 2025, and ending at the latest on February 26, 2026. On each day during the purchase period, the price per share to be paid by AXA¹ will be determined on the basis of the volume-weighted average share price.

AXA intends to progressively cancel all shares repurchased thereunder.

1.The purchase price will not exceed the maximum purchase price approved at the applicable Shareholders’ Meeting.