Execution of a share repurchase agreement in relation to AXA’s share buy-back program of up to Euro 1.2 billion

AXA has executed today a share repurchase agreement with an investment services provider, whereby AXA will buy back its own shares for a maximum amount of Euro 1.2 billion, in line with its capital management policy and as announced on February 27, 2025.

The share repurchase agreement will be executed in accordance with the terms of the applicable Shareholders’ Meeting authorization*.

Under the share repurchase agreement**, shares will be bought back commencing on March 3, 2025, and ending at the latest on June 30, 2025. On each day during the purchase period, the price per share to be paid by AXA*** will be determined on the basis of the volume-weighted average share price.

AXA intends to cancel all shares repurchased pursuant to this share buy-back program.

* The Shareholders’ Meeting authorization granted on April 23, 2024 and, as applicable, the authorization which will be proposed at the Shareholders’ Meeting to be held on April 24, 2025.

** This share buy-back program will be executed in addition to any other share buy-backs launched by AXA consistent with its capital management policy, including the share buy-back of Euro 3.8 billion that AXA anticipates launching following the expected closing of the sale of AXA Investment Managers to BNP Paribas.

*** The purchase price will not exceed the maximum purchase price approved at the applicable Shareholders’ Meeting.