AXA SA (ENXTPA:CS) commences share repurchase program on August 8, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2022. As per the mandate, the company is authorized to repurchase up to 10% of the total number of shares constituting the company's share capital at any given time or 5% of the total number of shares constituting the company's share capital if the shares are purchased by the company with the purpose of holding them for subsequent payment or tender in a merger, spin-off or contribution. The shares will be repurchased at a price such that the maximum purchase price per share shall not exceed €35 (or the equivalent of this amount on the same date in any other currency). The shares repurchased will be cancelled. The repurchases will be made for the purpose of hedging stock options or other share allocations granted to some or all eligible employees or executive officers of the company and/or affiliated companies and economic interest groups as defined in Article L.225-180 of the French Commercial Code, optimizing the liquidity of the AXA ordinary share, delivering the shares upon exercise of the rights attached to securities corresponding to debt instruments giving a claim to the company's share capital through repayment, conversion, exchange, presentation of a warrant or in any other manner or cancelling some or all the shares. The program will be valid for a period of 18 months.

On August 3, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to €1,000 million worth of its shares. The program will commence on August 8, 2022, and expire on November 18, 2022. All the repurchased shares under the program will be cancelled.