Dear colleagues,

I am delighted to announce the launch, for the 32nd consecutive year, of Shareplan, our employee share ownership plan.

This year, as you know, we are celebrating the 40th anniversary of the AXA brand. For this milestone, we wanted to give an exceptional dimension to the Shareplan! For this edition, we are offering a matching contribution on subscriptions to the Classic offer, with 1 AXA share offered for every share subscribed, up to a 20 shares offered for 20 shares subscribed, at a discounted price. This reflects our commitment to sharing the value created with all our stakeholders, starting with our teams.

This edition of Shareplan also reflects a successful strategic and financial trajectory. Following excellent annual results in 2024, the first year of our Unlock the Future strategic plan, the positive results at the start of 2025 confirm the strength of our model, the relevance of the Group’s transformation initiated in 2016, and the high level of engagement from our employees and agents.

Indeed, we delivered an excellent performance in the first half of 2025. Our revenues have increased across all our geographies and across all our business lines: property and casualty, savings and health. Our premiums grew organically by 7%, reaching over €64 billion, and our underlying earnings profit rose by 6% to €4.5 billion.

Shareplan, which is at the heart of our history, has been a successful initiative every year. That is why we have been continuously reissuing the program since 1993.

These results demonstrate your attachment and confidence in the Group's strategy and vision.

This year, 40 countries have decided to participate in the Shareplan. As last year, several assets will be available to assist you in your investment decision-making process (a subscription website, an investment simulator, and this brochure containing all necessary information to help you make your decision).

I strongly encourage you to participate. This is an opportunity for you to become an AXA shareholder under preferential conditions and to be even more associated with the sharing of the value generated by AXA through your daily commitment.

Your Human Resources contacts are available to answer all your questions. Choosing to invest your savings in Shareplan is, of course, an individual decision: carefully consider it according to your personal objectives.

Through employee share ownership, your connection to AXA is reinforced, and our mutual commitment is strengthened: as a Group employee, you are one of the company's most valuable assets.

Act Now & Unlock your Future!

Thomas Buberl,

CEO of AXA