AXA To Increase Capital For SLPH Purchase

May 3, 2000

France’s AXA announced that it plans to increase its corporate capital by € 3.7 billion ($3.3 billion) in order to finance part of its purchase of the 43.7 percent minority interest in Sun Life & Provincial Holdings (SLPH), announced yesterday.

France’s AXA announced that it plans to increase its corporate capital by € 3.7 billion ($3.3 billion) in order to finance part of its purchase of the 43.7 percent minority interest in Sun Life & Provincial Holdings (SLPH), announced yesterday.

AXA proposes to give existing shareholders rights to purchase one new AXA share for each 12 shares held for €123 ($112) during a period from May 11 to May 24.

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