AXA launches an offer to acquire shares from minority shareholders of its German subsidiary AXA Konzern AG

Following the BaFin's approval on its offer document received on January 6, 2006, AXA launches today an offer to acquire the 7.24% of AXA Konzern AG (Germany) shares it does not already own.

AXA proposes to offer Euro 129.3 per AXA Konzern AG ordinary share and preferred share. The offer period will start today and close on February 27, 2006.