Business Wire | May 17, 2021 04:55PM EDT

Equitable Holdings Announces Agreement to Repurchase Residual Shares Held by AXA S.A. Following the Maturity of Mandatory Exchangeable Bond

May 17, 2021

NEW YORK--(BUSINESS WIRE)--May 17, 2021--Equitable Holdings, Inc. (NYSE: EQH) today announced that it has agreed to repurchase 7.1 million shares from AXA S.A. ("AXA") following the maturity of the mandatory exchangeable bonds originally issued by AXA on May 14, 2018. The transaction will close on May 20, 2021.

About Equitable Holdings

Equitable Holdings, Inc. (NYSE: EQH) is a financial services holding company comprised of two complementary and well-established principal franchises, Equitable and AllianceBernstein. Founded in 1859, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. Equitable Holdings has approximately 12,000 employees and financial professionals, $822 billion in assets under management (as of 3/31/2021) and more than 5 million client relationships globally.

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CONTACT: Investor Relations Isll Mderriso?lu (212) 314-2476 IR@equitable.com

CONTACT: Media Relations Matt Asensio (212) 314-2010 mediarelations@equitable.com