Elimination of the dilutive impact of Shareplan 2023

In the context of the AXA Group’s 2023 employee share offering (Shareplan 2023)* 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 program**.

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.

* 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.

** The AXA share repurchase program has been authorized by the General Shareholders’ Meeting of April 27, 2023.