AXA Notes Gain in Full Year Revenues

DUBAI, 4 February 2005 — International’s AXA Group has reported from Paris that its consolidated revenues were 72.2 billion euro ($94.4 billion) for full year 2004. On a comparable basis, revenues grew by two percent compared to full year 2003 (71.6 billion euro), mainly driven by organic growth. “As expected our competitive product offering and expansion of the distribution platform have contributed tour growth momentum in the fourth quarter of 2004,” Chief Executive Officer Henri de Castries said. “Our P&C and asset management revenues have grown in line with our long-term targets, and we’re particularly pleased with the strong asset management net inflows.”