AXA: Elimination of the dilutive impact of Shareplan 2023

Paris, September 12, 2023

Elimination of the dilutive impact of Shareplan 2023

In the context of the AXA Group's 2023 employee share offering (Shareplan 2023)1 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 cancellation for a maximum amount of Euro 384,700,000, in accordance with the terms of its share repurchase program2.

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 13, 2023 and corresponding to the fixing period for the shares to be issued under Shareplan 2023. Share buyback transactions by the investment services provider conducted in relation to this agreement will not extend beyond October 10, 2023.

1. The AXA Group's 2023 employee share offering (Shareplan 2023) has been authorized by the General Shareholders' Meeting of April 27, 2023. Please refer to the press release issued on August 22, 2023 for further information on Shareplan 2023.
2. The AXA share repurchase program has been authorized by the General Shareholders' Meeting of April 27, 2023.

ABOUT THE AXA GROUP	FOR MORE INFORMATION:
The AXA Group is a worldwide leader in insurance and asset management, with 145,000 employees	Investor Relations:	+33.1.40.75.48.42
serving 93 million clients in 51 countries. In 2022, IFRS4 revenues amounted to Euro 102.3 billion and	[e-mail]
IFRS4 underlying earnings to Euro 7.3 billion. AXA had Euro 933 billion in assets under management,	[e-mail]
including assets managed on behalf of third parties, as of December 31, 2022.	[e-mail]
	[e-mail]
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS	[e-mail]
(ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA). AXA's American Depository Share is	[e-mail]
also quoted on the OTC QX platform under the ticker symbol AXAHY.	[e-mail]
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability	Individual Shareholder Relations:
Index (DJSI) and FTSE4GOOD.	+33.1.40.75.48.43
It is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles	Media Relations:	+33.1.40.75.46.74
for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.	[e-mail]
	[e-mail]
This press release and the regulated information made public by AXA pursuant to article L. 451-1-2 of
the French Monetary and Financial Code and articles 222-1 et seq. of the Autorité des marchés	Corporate Responsibility strategy:
financiers' General Regulation are available on the AXA Group website (axa.com).	axa.com/en/about-us/strategy-commitments
THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE axa.com	SRI ratings:
	axa.com/en/investor/sri-ratings-ethical-indexes

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS AND THE USE OF NON-GAAP FINANCIAL MEASURES

Certain statements contained herein may be forward-looking statements, including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA's actual results to differ materially from those expressed or implied in such forward looking statements. Please refer to Part 5 - "Risk Factors and Risk Management" of AXA's Universal Registration Document for the year ended December 31, 2022 and "Operating Highlights - Risk Factors" on page 11 of AXA's Half-Year Financial Report as of June 30, 2023 for a description of certain important factors, risks and uncertainties that may affect AXA's business and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.

Page 2