The following is intended to provide a summary of certain features to acquaint you with the highlights of the Plan. More details are covered in the prospectus that is available via the SEC filings. Please read the prospectus carefully.

• What is the plan?
• What options are available under the plan?
• How do I make additional investment?
• How does a registered holder of AXA ADRs representing ADSs enroll in the plan?
• Are there costs associated with participation?
• How can I terminate my participation in the plan?
• Whom do I contact if I have additional questions about the plan?

What is the plan?

The plan is a dividend reinvestment plan available to registered holders of AXA ADSs. Participants in the plan have dividends automatically reinvested in AXA ADSs. In addition, participants may make optional cash investments through the plan administrator.

Participation in the plan is entirely voluntary and we give no advice regarding your decision to join the plan. However, if you decide to participate in the plan, Enrollment forms are available by writing to Computershare at:

AXA Dividend Reinvestment Plan
c/o Computershare
P.O. Box 43076
Providence, R.I. 09240

Or by calling them toll free at (800) 437-8736 or (201) 222-4880.

Or by emailing your questions to: www.axa-financial@computershare.com

What options are available under the plan?

The plan allows participants to:

• Have all the dividends paid on their AXA ADSs automatically reinvested in additional AXA ADSs;
• Increase their holdings of AXA ADSs under the plan by making additional investments of as little as $25, including the option to make automatic purchases by authorizing deductions from a checking or savings account at a U.S. bank or financial institution;
• Purchase AXA ADSs in whole dollar amounts, rather than a specific quantity of ADSs, with the appropriate number of full and fractional ADSs credited to their plan account held at Computershare in book-entry form;
• Make gifts of ADSs to family members and others at no charge by transferring AXA ADSs to another account, new or old, at Computershare;
• Deposit additional AXA ADRs representing ADSs with Computershare and have their ownership of ADSs maintained on Computershare's records in book entry form; and
• Receive regular statements indicating activity in their plan account at Computershare.

How do I make additional investments?

• Check Investment. You may make optional cash investments in AXA ADSs by sending to Computershare a check payable to "Computershare-AXA" in U.S. dollars and drawn on a U.S. bank to the following address:

AXA Investments Plans
P.O. Box 13531
Newark, NJ 07188

• Automatic Investment from an Account at an U.S. Bank or other Financial Institution. As an alternative to sending a check, you may elect to have funds automatically withdrawn from your checking or savings account at an U.S. bank or financial institution.

How does a registered holder of AXA ADRs representing ADSs enroll in the plan?

• If you hold your AXA ADRs in physical form (certificate), you will need to submit a properly completed enrollment authorization form together with the ADR certificate(s) to Computershare. The certificate(s) should not be endorsed. Upon receipt by Computershare, the AXA ADRs will be credited to your plan account in book entry form.
• If your AXA ADRs are registered in the name of a bank, broker or other nominee, you may arrange for that financial institution to register at least one AXA ADS directly in your name in order to become eligible to participate in the plan. Once at least one AXA ADS is registered in your name, you can complete and submit and enrollment authorization form together with the certificate(s) representing ADS registered in your name.

Are there costs associated with participation?

You will be charged a transaction fee of $.50 for each dividend reinvestment pursuant to the plan. Brokerage commissions for the purchase of AXA ADSs upon the reinvestment of dividends will be paid by AXA.

You will incur no other fees or brokerage commissions for purchases you make under the plan. AXA will pay all costs of administration of the program. If you instruct Computershare to sell some or all of your ADRs, you will be charged a service fee of $10 per sale, plus a brokerage commission of $.12 for each ADS sold.

How can I terminate my participation in the plan?

Whom do I contact if I have additional questions about the Direct Stock Purchase Plan?

Please contact Computershare in writing at:

AXA Dividend Reinvestment Plan
c/o Computershare
P.O. Box 43076
Providence, R.I. 09240

Or by calling them toll free at (800) 437-8736 or (201) 222-4880.

Or by emailing your questions to: axa-financial@computershare.com