AXA SA announced the pricing of its previously announced offers to purchase for cash: (i) its outstanding $1,250,000,000 8.60% Subordinated Notes due December 15, 2030; and (ii) its outstanding $750,000,000 Series B Fixed to Floating Rate Undated Deeply Subordinated Notes (collectively, the "Notes" and such offers, the "Tender Offers", and each, a "Tender Offer"). The Offeror is making two separate Tender Offers, each on the terms and subject to the Conditions set forth in the offer to purchase dated August 29, 2022 (the "Offer to Purchase"). Capitalized terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Offer to Purchase.

The "Total Consideration" for each $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the applicable Tender Offers was determined in the manner described in the Offer to Purchase by reference to the sum of (i) the applicable Reference Yield on the Reference U.S. Treasury Security and (ii) the applicable Fixed Spread for each series of Notes, all as set out in the table below and as further described in the Offer to Purchase. The Reference Yield for each series of Notes was calculated at 10:00 a.m., New York City time, September 13, 2022. Holders of Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Time and accepted for purchase by the Offeror will receive the Total Consideration, which includes an Early Tender Premium of $50 per $1,000 principal amount of such Notes, together with accrued and unpaid interest from the last interest payment date for the Notes up to, but excluding, the Early Settlement Date, which is currently anticipated to be September 15, 2022.