AXA — Board/Management Information 2016

May 18, 2016

AXA PRESS RELEASE

PARIS, 18 MAY 2016

Nicolas Moreau, Chairman and CEO of AXA France and a member of the Management Committee of the AXA Group, to leave AXA

After 25 years at AXA, Nicolas Moreau has decided to leave the Group, effective June 30th, 2016. His replacement will be announced shortly.

Nicolas Moreau started his career in the central finance department of the Group. He joined AXA Investment Managers in 1997 where he became Chief Executive Officer in 2002. In 2007, he took over the leadership of AXA's businesses in the UK and Ireland. He returned to France in 2010 to lead AXA France, where he currently is Chairman and CEO. He also oversees AXA Global Direct and AXA Partners.

Henri de Castries, Chairman and CEO of AXA, said "Nicolas has had an exemplary career at AXA, and I want to very warmly thank him for his many contributions to the success of the Group in his successive roles. With AXA France's teams, he has achieved remarkable results, focusing the organization on improving the quality of service to our clients and investing in its transformation. He has also been instrumental in the development of our ecosystem of innovation."

"Many of us are sad to see Nicolas leave AXA, but we understand his decision, and I know he will be very successful in his future endeavors", Henri de Castries concluded.

Commenting on his decision, Nicolas Moreau said: "I thank Henri de Castries for his trust over these 25 years, and I wish the new leadership team led by Thomas Buberl every success, together with employees, agents and partners I have had the pleasure and fortune to work with at AXA".

ABOUT THE AXA GROUP

The AXA Group is a worldwide leader in insurance and asset management, with 166,000 employees serving 103 million clients in 64 countries. In 2015, IFRS revenues amounted to Euro 99.0 billion and IFRS underlying earnings to Euro 5.6 billion. AXA had Euro 1,363 billion assets under management as of December 31, 2015.

The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.

The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.

It is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.

This press release and the regulated information made public by AXA pursuant to article L. 451-1-2 of the French Monetary and Financial Code and articles 222-1 et seq. of the Autorité des marchés financiers' General Regulation are available on the AXA Group website (www.axa.com).

THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE www.axa.com

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Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and AXA's plans and objectives to differ materially from those expressed or implied in the forward looking statements. Please refer to the section "Cautionary statements" in page 2 of AXA's Document de Référence for the year ended December 31, 2015, for a description of certain important factors, risks and uncertainties that may affect AXA's business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.