AXA allocates 50 free shares to all employees worldwide

On July 1, 50 free shares were allocated to each AXA employees worldwide. More than 100, 000 AXA Group employees in 54 countries, will become shareholders and – depending on the country – will own the shares after two years (with a two year holding period) or after four years (without a holding period), providing they are still employed by AXA.

Approved by AXA’s shareholders during the annual shareholder’s meeting on May 14, the resolution pertaining to the “AXA Miles” program allows the Management Board to distribute free AXA shares to all AXA employees, representing up to 0.7% of AXA’s share capital (or around 14 mln shares based on AXA’s current share capital).

This allocation of 50 free shares constitutes the first step in the “AXA Miles” program which is one of several initiatives of AXA’s company-wide project “Ambition 2012”.

The aim of this project is to make AXA the preferred company in its industry of its clients, shareholders and employees by 2012. The success of Ambition 2012 should lead the Group to double its revenues and triple its underlying earnings per share between 2004 and 2012.

Underlying earnings per share net of interests charges on TSS and TSDI of Euro 2.41 per share and an index (satisfied customers – unsatisfied customers) of customer satisfaction of 82 in 2008 – For reference, this index stood at 79 in 2006.