DGAP-WpÜG: Angebot zum Erwerb

Bidder: AXA; Target Company: AXA Konzern AG

WpÜG-Mitteilung übermittelt durch die DGAP.
Für den Inhalt der Mitteilung ist der Bieter verantwortlich.
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Publication of the decision to launch an offer to acquire securities pursuant
to section 10 para. 1 of the German Securities Acquisition and Takeover Act
("WpÜG")

Bidder:

AXA
25, Avenue Matignon
75008 Paris
France

Daniel Lettmann
Telephone: +33 1 40 75 73 89
Fax: +33 1 56 69 93 89
E-Mail: daniel.lettmann@axa.com


Target Company:

AXA Konzern AG
Colonia-Allee 10-20
51067 Cologne
Germany

Horst Kullmann
Telephone: +49 221 1 48 21160
Fax: +49 221 1 48 31804
E-Mail: horst.kullmann@axa.de

The offer document will be published under http://www.axa.com and
http://www.axa.de .

AXA (société anonyme à directoire et conseil de surveillance) with its office
in Paris, registered with the commercial register of Paris under RCS
572.093.920 ("AXA"), has decided on 21 December 2005 to offer to the
shareholders of AXA Konzern AG with its seat in Cologne, registered with the
commercial register of the lower court of Cologne under number HRB 672, to
acquire their non-par value bearer shares, i.e. their ordinary shares (ISIN DE
0008410002, WKN 841000) and their non-voting preferred shares (ISIN DE
0008410036, WKN 841003), with a dividend right as of 1 January 2005 against
payment of a uniform offer price of EUR 129,3 per non-par value shares in the
framework of a voluntary public acquisition offer (Erwerbsangebot) on the
basis of the provisions and conditions to be communicated in the offer
document.

AXA currently holds directly and indirectly 92.76 % of the shares in AXA
Konzern AG. The shares are traded at the stock exchanges in Frankfurt am Main,
Stuttgart, Hamburg, Düsseldorf and Berlin-Bremen.

The offer document with details on the offer provisions and conditions will be
published by AXA in due time under http://www.axa.com and
http://www.axa.de .

Paris, 21 December 2005
AXA

Information on AXA
AXA is one of the world's leading financial services providers with 50 million
clients and EUR 869 billion in assets under management. AXA has 112,118
employees worldwide and generated EUR 72 billion in revenues.

Ende der Mitteilung (c)DGAP 21.12.2005
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Notiert: AXA Konzern AG: Amtlicher Markt in Düsseldorf und Frankfurt (General
Standard); Freiverkehr in Berlin-Bremen, Hamburg und Stuttgart; AXA: Open
Market in Frankfurt; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg,
Hannover, München und Stuttgart