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New York, NY - The Shareholders of The Equitable Companies Incorporated (NYSE:EQ) approved changing
the name of the company to AXA Financial, Inc., at their annual meeting on May 19, 1999.
The Equitable Companies Incorporated is the holding company for The Equitable Life Assurance Society of the
United States; Donaldson, Lufkin & Jenrette, Inc. (DLJ); and Alliance Capital Management L.P.
The names of those companies are not expected to change.
"The name change enables us to create a more accurate perception in the marketplace of the broad-based
financial services company we've become," explained Edward D. Miller, President and CEO of The Equitable
Companies. The Equitable Companies is a member of the global AXA Group, one of the world's largest
insurers and asset managers, with operations in over 50 countries and assets
under management exceeding $600 billion.
"The Equitable name is already perceived as a world-class provider of insurance and annuity products.
We will continue to take advantage of the value of the Equitable brand by offering these products
under the Equitable Life name," Miller said.
The name change is expected to become effective later this year. Shareholders of The Equitable
Companies will not be required to exchange their existing stock certificates. The name change will
have no effect on insurance policies and annuity contracts issued by Equitable Life.
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