PRESS RELEASE

For Immediate Release - 05/09/2001

AXA Announces A 4-for-1 Stock Split,
Increases Annual Dividend By 10%

PARIS - AXA announced that shareholders approved today at their General Assembly meeting a four-for-one stock split for AXA's outstanding ordinary shares, and an annual dividend payment of Euro 2.20.

The four-for-one stock split will include a two-for-one split of the AXA American Depositary Shares (ADSs) and will be effective on May 16. The split will provide ordinary shareholders of record as of May 14 four shares for each ordinary share owned. Also ADS-holders of record at the close of business on May 15, will receive two ADS for each ADS currently held. Shares are expected to trade on a split basis beginning on Wednesday, May 16.

After the stock split, the AXA ordinary share, listed on the Paris Bourse, and the AXA ADS, listed at the New York Stock Exchange, will trade at parity, where one ordinary share equals one ADS. The stock split will increase the number of outstanding ordinary shares to approximately 1,715 million from 428 million.

AXA's shareholders also approved a 10% increase in the annual dividend to Euro 2.20 per ordinary share (pre-split) on the Company's stock. AXA has increased its dividend in each of the last 10 years recording a five-year compounded annual dividend growth rate of 17%. The dividend is payable on May 14, 2001, to ordinary shareholders of record on May 11, 2001. A corresponding payment of Euro 1.10 (pre-split) will be payable on June 8, 2001, to ADS-holders of record as of May 14.

About AXA

AXA Group is a worldwide leader in financial protection and wealth management. AXA's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. AXA had Euro 893 billion in assets under management as of December 31, 2000and reported revenues of approximately Euro 80 billion for the full year 2000.The AXA ordinary share is listed and trades under the same symbol on the Paris Stock Exchange. The AXA American Depositary Share (ADS) is listed on the NYSE under the tickersymbol AXA. For more information, visit www.axa.com.