AP NEWS

AXA Equitable Holdings, Inc. Announces Launch of Secondary Common Stock Offering by AXA S.A.

November 13, 2018

NEW YORK--(BUSINESS WIRE)--Nov 13, 2018--AXA Equitable Holdings, Inc. (the “Company”) announced today the launch of a secondary public offering by its controlling stockholder, AXA S.A. (“AXA”), and the commencement of the roadshow for the offering. AXA is offering 50,000,000 shares 1 of common stock, and AXA has granted the underwriters a 30-day option to purchase up to an additional 7,500,000 shares of common stock. AXA is selling all of these shares of common stock, and the Company will not receive any proceeds from the offering.

In connection with the offering, the Company has entered into a share repurchase agreement with AXA pursuant to which the Company will acquire from AXA, subject to certain terms and conditions, between 20,000,000 and 30,000,000 shares of the Company’s common stock (the “Share Buyback”). The purchase price is subject to a number of conditions, including the successful completion of the public offering.

The shares are being offered by a group of underwriters led by J.P. Morgan, Morgan Stanley, and Citigroup. Copies of the preliminary prospectus relating to the public offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717 or telephone: 866-803-9204; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; and Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or telephone: 800-831-9146.

A registration statement relating to the proposed offering has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

1 Out of 558,526,870 total shares of common stock.

ABOUT AXA EQUITABLE HOLDINGS

AXA Equitable Holdings, Inc. (NYSE:EQH) is one of the leading financial services companies in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. We have been helping clients prepare for their financial future since 1859 and have a combined total of more than 12,100 employees and financial professionals, 5.3 million customer relationships and $668 billion of assets under management (as of 09/30/18).

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113006240/en/

CONTACT: Investor Relations:

Kevin Molloy: +1 212-314-2476Media Relations:

Gina Tyler: +1 212-314-2010

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING CONSULTING FINANCE INSURANCE

SOURCE: EQH Investor Relations

Copyright Business Wire 2018.

PUB: 11/13/2018 05:53 PM/DISC: 11/13/2018 05:53 PM

http://www.businesswire.com/news/home/20181113006240/en

AP RADIO
Update hourly