AXA (EPA:CS) - AXA to sell its operations in Ukraine

Transparency directive : regulatory news

23/10/2018 08:45

Press release

                                                    Paris, October 23, 2018

                                      AXA to sell its operations in Ukraine

AXA announced today it had entered into an agreement with Fairfax Financial
Holdings Limited(1) ("Fairfax") to sell all its insurance operations in Ukraine
and exit the Ukrainian market. Under the terms of the agreement, Fairfax would
acquire 100% of the non-life entity (AXA Insurance(2)) and the life entity (AXA
Insurance Life) in Ukraine.

Completion of the transaction is subject to customary closing conditions,
including the receipt of regulatory approvals.

ABOUT THE AXA GROUP

The AXA Group is a worldwide leader in insurance and asset management, with
160,000 employees serving 105 million clients in 62 countries. In 2017, IFRS
revenues amounted to Euro 98.5 billion and IFRS underlying earnings to Euro 6.0
billion. AXA had Euro 1,439 billion in assets under management as of December
31, 2017.
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 (axa.com).

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

FOR MORE INFORMATION:
Investor Relations:     +33.1.40.75.48.42
Andrew Wallace-Barnett:     +33.1.40.75.46.85
François Boissin:     +33.1.40.75.39.82
Aayush Poddar:              +33.1.40.75.59.17
Shantanu Priya:             +33.1.40.75.58.44
Mathias Schvallinger:       +33.1.40.75.39.20
Alix Sicaud:                +33.1.40.75.56.66

Individual Shareholder Relations:
                            +33.1.40.75.48.43

Media Relations:            +33.1.40.75.46.74
Julien Parot:               +33.1.40.75.59.80
Nicolas Feltrin:            +33.1.40.75.56.48
Shruti Dhanda:              +33.1.40.75.72.58
Farah El Mamoune:           +33.1.40.75.46.68

Corporate Responsibility strategy:
axa.com/en/about-us/strategy-commitments

SRI ratings:
axa.com/en/investor/sri-ratings-ethical-indexes

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING
FORWARD-LOOKING STATEMENTS

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, expectations 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 AXA's actual results to differ materially from those expressed
or implied in the forward-looking statements. Please refer to Part 4 - "Risk
factors and risk management" of AXA's Registration Document for the year ended
December 31, 2017, 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, except as part of applicable regulatory or legal
obligations.

(1) through its subsidiary FFHL Group Ltd.
(2) AXA Insurance in Ukraine is a joint venture between AXA (50% shareholding)
and Ukrsibbank.

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