AXA Insurance Gulf is awarded the Healthcare scheme of Qatar Petroleum

Notes and media contacts

About Qatar Petroleum
Qatar Petroleum (QP), formerly Qatar General Petroleum Corporation, is a state-owned corporation established, by Emiri Decree No 10, in 1974 responsible for all phases of the oil and gas industry in Qatar. The principal activities of Qatar Petroleum and its subsidiaries and joint ventures cover exploration, drilling and production operations, transport, storage, marketing and sale of crude oil, natural gas liquids, liquefied natural gas, refined products, petrochemicals and fertilizers, and providing helicopter services.

Qatar Petroleum's strategy of conducting hydrocarbon exploration and new projects is through Exploration and Production Sharing Agreements (EPSA) and Development and Production Sharing Agreements (DPSA) concluded with major international oil and gas companies.

About Al Koot

Al Koot Insurance and Reinsurance Company was incorporated by Emiri Decree on 27 October 2003, as a wholly-owned Captive Insurance Company of the Qatar Petroleum Group for a better risk management approach toward volatility of the international insurance market. The achieved objectives were multiple such as reducing reliance on external markets, cost cutting, development of self-insurance for specific needs, retention of profit and moreover reintroduction of revenues in the local company in Qatar.

Named after a historical fort, Al Koot, one of the oldest in the country, the company is a symbol of protection for the Energy Industry.

About AXA in the Gulf
AXA in the GCC, with a workforce of over 400 employees, 11 offices region-wide, a substantial customer base and a gross written premium of over US$ 200 million, is a major international insurer in the Middle East offering a wide range of insurance products and services for corporate and individual customers.

About AXA Group worldwide
AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically, with major operations in Western Europe, North America and the Asia/Pacific area. AXA had Euro 1,315 billion in assets under management as of December 31, 2006. For full year 2006, IFRS revenues amounted to Euro 79 billion, IFRS underlying earnings amounted to Euro 4,010 million and IFRS adjusted earnings to Euro 5,140 million. The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The AXA American Depository Share is also listed on the NYSE under the ticker symbol AXA.

For additional information on AXA, please contact:

Lianne Braganza-D'Sylva
Asst. Marketing Manager, Gulf Region
Phone: +971 4 3150115

For additional information on Al Koot, please contact:

Khalid Al-Mughesib
A/Manager, Energy & Manufacturing
Tel: +974 4308590
Fax: +974 4478192