AXA completes the acquisition of 7.15% stake in African Reinsurance Corporation for a total consideration of EUR 54 million

PARIS, 20-3-2015 — /EuropaWire/ — AXA announced today that it has completed the acquisition of a 7.15% stake in African Reinsurance Corporation (“Africa Re”), the leading reinsurance company in Africa¹ , for a total consideration of USD 61 million (or Euro 54 million² ).

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The AXA Group is a worldwide leader in insurance and asset management, with 157,000 employees serving 103 million clients in 59 countries. In 2014, IFRS revenues amounted to Euro 92.0 billion and IFRS underlying earnings to Euro 5.1 billion. AXA had Euro 1,277 billion in assets under management as of December 31, 2014.

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IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein are 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. Please refer to the section “Cautionary statements” in page 2 of AXA’s Document de Référence for the year ended December 31, 2013, for a description of certain important factors, risks and uncertainties that may affect AXA’s business. 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.

¹ Source: Africa Re Information Memorandum, based on 2013 gross written premiums.
² EUR 1 = USD 1.13.