AXA's employees worldwide hold 5.10% of AXA's share capital PARIS, Nov. 29 /PRNewswire-FirstCall/ -- On August 20, 2007 AXA announced the launch of its 2007 Shareplan offering, a capital increase reserved to its employees worldwide, with a subscription period from September 24, 2007 to October 9, 2007 for all countries (except Belgium), and from September 24, 2007 to October 23, 2007 for Belgium. In most countries, two investment options were available: a traditional plan and a leveraged plan. Approximately 44,000 employees in 36 countries, representing approximately 39% of eligible employees, subscribed to Shareplan 2007. The number of subscribers thereby increased by almost 50% compared to 2006(1), further demonstrating employees' confidence in the development of the Group and in its project Ambition 2012, as well as the success of the integration of Winterthur employees. Employees investing in Shareplan 2007 will have direct voting rights at AXA's general shareholders' meetings and will thereby be able to express directly their opinion on the decisions driving the strategy of the AXA Group. At the end of Shareplan 2007, AXA's employees hold around 5.10% of the share capital and 6.29% of the voting rights. The aggregate proceeds from the offering stand at more than Euro 552 million, for a total of 22 million newly issued shares, subscribed at a price of Euro 23.23 for the traditional plan and Euro 24.89 for the leveraged plan(2). The new shares have been created with full rights from January 1, 2007. This offering raises the total number of AXA shares outstanding to 2,121 million as of November 28, 2007(3). (1) Following notably the acquisition of Winterthur, the number of countries in which the operation took place rose from 32 to 36 in 2007. More than 100,000 employees could subscribe to Shareplan in 2007, versus 90,000 last year. (2) Euro 29.03 for the leveraged plan in Germany. (3) Estimated FY2007 fully diluted weighted average number of shares (basis for earnings per share calculation) is 2 065 million. This press release is available on the AXA Group web site: http://www.axa.com/ About AXA AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. IFRS revenues amounted to Euro 79 billion for full year 2006 (Euro 51 billion for 1H07) and IFRS adjusted earnings amounted to Euro 5,140 million (Euro 3,424 million for 1H07). The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The AXA American Depository Share is also listed on the NYSE under the ticker symbol AXA. AXA Investor Relations: Etienne Bouas-Laurent: +33.1.40.75.46.85 Paul-Antoine Cristofari: +33.1.40.75.73.60 Emmanuel Touzeau: +33.1.40.75.49.05 George Guerrero: +1.212.314.28.93 AXA Media Relations: Christophe Dufraux: +33.1.40.75.46.74 Laurent Secheret: +33.1.40.75.48.17 Armelle Vercken: +33.1.40.75.46.42 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD- LOOKING STATEMENTS This press release contains "forward-looking statements" which involve risks and uncertainties. These statements include, but are not limited to, statements that are predictions of or indicate future strategy, forecasts, events, trends, plan 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 actual results and AXA's plan and objectives to differ materially from those expressed or implied in the forward-looking statements (or from past results). These risks and uncertainties include, without limitation, the risk of future catastrophic events including possible future terrorist related incidents, economic and market developments, regulatory actions and developments, litigations and other proceedings. Please refer to AXA's Document de Reference for the year ended December 31, 2006, for a description of certain important factors, risks and uncertainties that may affect AXA's business. 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. This press release is not an offer for sale within the United States of any security of AXA or any of its affiliates. Securities of AXA or any of its affiliates may not be offered or sold in the United States absent registration under U.S. securities laws or unless exempt from registration under such laws. DATASOURCE: AXA Group CONTACT: AXA Investor Relations: Etienne Bouas-Laurent, +33-1-40-75-46-85, Paul-Antoine Cristofari, +33-1-40-75-73-60, Emmanuel Touzeau, +33-1-40-75-49-05, George Guerrero, +1-212-314-28-93; AXA Media Relations: Christophe Dufraux, +33-1-40-75-46-74, Laurent Secheret, +33-1-40- 75-48-17, Armelle Vercken, +33-1-40-75-46-42 Web site: http://www.axa-equitable.com/

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