AXA gaveway USD 500 Million of Shares for its employess

JAKARTA - French-based insurer, AXA, gave shares valued about USD 500
Million to its employess worldwide. In a program called AXA Miles which is
a share ownership program that is done for the first time by a large-scale
global corporation.

"The program gave away 0.7 percent of shares owned by AXA Global which
headquartered in France to its 112,100 employess worldwide" Country CEO
AXA Indonesia Randy Lianggara explains in Jakarta yesterday (4/2).
Starting this year, AXA employees will be given 50 shares for free
irrespective of seniority, level, or position. "The gaveaway was based on
company performance in total," he mention.

If one AXA shares valued at EUR 22-EUR 25, with 14 million given away
shares means corporation must allocate EUR 308 - 350 million. If current
exchange rate for EUR against IDR is 14,000, then corporation must
allocate IDR 4,3 - 4,9 trilion or about USD 500 Million.

"For Indonesia, of all 500 AXA employees, 400 eligible for AXA Miles
program" he said. If so, AXA Indonesia share will be IDR 12,3 - 14
billion. According to him, the program is a part of AXA Ambition to be the
preferred company by 2012 for clients, shareholders, and employees.

"We believe employees is an important asset. AXA Miles is a program which
make significant change. Since believed to give sense of belonging to
employees," he explains.

With regards of AXA Indonesias performance, Randy reveals last year was a
satisfying one. Proven by premium achievement which exceed their target,
eventhough he reluctant to mention the figures. "We are currently binded
by time of blackout period. So we cannot inform you the figures now
because currently AXA Indonesia ranked second in Asia after Hongkong with
the largest growth in the region."

AXA Indonesia operates through AXA Mandiri Financial Services, AXA
Financial Indonesia, AXA Life Indonesia, and AXA Asset Management
Indonesia.

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