AXA Macau marks 30th anniversary Collaborates with Luso International Bank to launch Co-branded Credit Card

HONG KONG,Nov. 26,2019 -- As a lifepartner of itscustomers,AXA is committed to satisfying their different needs. As AXA Macau marks the 30th anniversary of its opening in Macau,it today announces its partnership with Luso International Banking Ltd. ('LIB') to launch the 'AXA Co-branded Credit Card'. This co-branded credit card features three currency settlement accounts,along with multiple spending rewards and welcome offers,providing unprecedented convenience and spending experiences to customers in the Guangdong,Hong Kong and Macau areas.

AXA Hong Kong and Macau announced the launch of the ‘AXA Co-branded Credit Card’,Hong Kong and Macau areas.

'As AXA commemorates its 30th anniversary in Macau,we are fully committed to providing comprehensive and all-round insurance services to our customers. Last year,AXA expanded its business in Macau,including opening a new office in the Praia Grande Bay area,introducing innovative insurance technologies and offering digitalised products and services. AXA Macau is actively expanding its sales team to meet the rising demands of the Macau insurance market. We are pleased to collaborate with LIB and become its first insurance partner to launch the Co-branded Credit Card,thus providing a new cross-regional spending and financial management solution for customers who often travel between Guangdong,Hong Kong and Macau. To celebrate AXA Macau's 30th anniversary,we will launch a series of promotions. Other than the collaboration and launching of "AXA Co-branded Credit Card" with LIB,we will launch a large scale digital campaign to giveaway more than 3,000 prizes. Also,AXA Macau will offer 300 travel coupons valued at MOP 50 each to our loyal customers to appreciate their continuous support,' said Ms. Sally Wan,Chief Executive Officer of AXA Hong Kong and Macau.

One card with great flexibility| Overseas traveling and spending with peace of mind

As the economic ties linking Guangdong,Hong Kong and Macau have become increasingly closer in recent years,many Hong Kong and Macau residents need to travel frequently within these areas.The 'AXA Co-branded Credit Card' features settlement accounts for MOP,CNY and HKD. Transactions in Macau and overseas will be settled in MOP. Transactions conducted in mainland China will be settled in CNY,while transactions conducted in Hong Kong will be settled in HKD. This feature enables cardholder(s) to save currency conversion costs and enjoy greater flexibility to settle payments while traveling abroad. The relevant transactions will be shown on the consolidated account statement,allowing customers to review their spending history and settle payments easily and conveniently. In addition,the 'AXA Co-branded Credit Card' offers a 'Pin Transaction' function. Each transaction by the co-branded credit card requires dual transaction authentication with 'password' and 'signature' to better protect card users.

Exclusive spending rewards

In order to facilitate spending in Macau and overseas,cardholder(s) who settle payments with the 'AXA Co-branded Credit Card' in Hong Kong,mainland China and overseas areas will enjoy the privilege of having the cross-border fee waived for overseas spending and receive preferential exchange rates. For daily spending or overdraft using the card,1.5-times bonus point rewards will be offered year-round,whereby every one dollar on spending or overdraft will entitle the cardholder to 1.5 bonus points,excluding the payment of the AXA insurance premium.

'Luso International Banking Ltd. has followed its philosophy of "Rooted in Macau,Serving Macau" in the past 45 years,continuously providing convenient and high-quality services to Macau customers through product innovation and service upgrades. LIB and AXA have jointly launched a co-branded credit card to better serve customers from both companies,and have also established a good foundation for further cooperation between the two parties. In the future,we will make the most of this relationship,leverage on customer resources,expand business opportunities and aim to provide satisfactory services together to meet the growing demand by customers for financial services,' said Mr. Raymond Chan,Executive Director & Deputy General Manager of Luso International Banking Ltd.

Celebrate AXA Macau's 30th anniversary |Enjoy exclusive welcome offers

In celebration of AXA Macau's 30th anniversary,cardholder(s) who apply now for the 'AXA co-branded Credit Card' can enjoy the following welcome offers:

New cardholder(s) who spend an accumulated MOP 3,000 or above within the first 2 months after the card is issued will receive a free limited edition of AXA Macau Pass (including MOP 200 deposit value) and a MOP 500 AXA Premium Coupon.

Cardholder(s) will receive a MOP 50 cash rebate upon linking LIB account of savings or current account for ATM use and registration of Auto-pay for Credit Card Payment Service with the 'AXA Co-branded Credit Card'.

Cardholder(s) whose accumulated spending of a designated amount per annum (from 1st January to 31st December) are entitled to enjoy airport lounge access privileges in the following year:

AccumulatedSpending

(amount per annum)

Complimentary airport lounge access privilege

in the following year

Main / Supplementary

Cardholder

Accompanying Guest(s)

MOP 30,000 or above

1 time

N/A

MOP 60,000 or above

3 times

Shared

The above information is for reference only. For details of the programme features,content,terms and conditions,please refer to the relevant programme leaflet.

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ABOUT AXA HONG KONG AND MACAU

AXA Hong Kong and Macau,a member of the AXA Group,prides itself on serving over 1.3 million customers[1] in the region. In addition to being the #1 global Property & Casualty commercial lines insurer[2],we are also one of the largest health protection providers in Hong Kong and Macau.

'Empowering people to live a better life' is the goal of AXA Hong Kong and Macau,which is reflected in everything we do. We are one of the most diversified insurers,providing a full range of coverage for individual and commercial customers. We offer all-round,integrated solutions across Life,Health and Property & Casualty to address all their insurance needs.

As an innovative insurer,we leverage on Big Data and AI to transform the customer experienceend-to-end,making insurance simpler and more personal. We continue to drive innovation notably in health and protection,supporting customers in prevention,treatment and recovery.

We also believe it is our inherent responsibility to support the communities in which we operate. AXA Foundation is our flagship corporate social responsibility programme covering all of our efforts in promoting health,education and community support to create a positive and lasting impact in Hong Kong and Macau.

ABOUT LUSO INTERNATONAL BANKING LTD.

Luso International Banking Limited ('LIB') was incorporated in Macau in 1974. Being one of the major commercial banks in Macau,LIB has 13 branches located at prime locations in the territory to serve the public. LIB has established branches in Guangzhou and Hangzhou Branch to expand the mainland market,to improve the cross-border economic and financial services level.

[1] Including customers of AXA China Region Insurance Company Limited,AXA China Region Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability),and AXA General Insurance Hong Kong Limited

[2]AXA Corporate Solutions,AXA Matrix Risk Consultants,AXA Insurance Company,and AXA Art with AXA XL's insurance and reinsurance operations combined

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained herein may be forward-looking statements including,but not limited to,statements that are predictions of or indicate future events,trends,plans or objectives. Undue reliance should not be placed on such statements because,by their nature,they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and AXA's plans and objectives to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 - "Risk factors and risk management" of AXA's Document de Référence (Annual Report) for the year ended December 31,2016,for a description of certain important factors,risks and uncertainties that may affect AXA's business,and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements,whether to reflect new information,future events or circumstances or otherwise.

Certain statements contained herein may be forward-looking statements including,they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and Luso International Banking Limited plans and objectives to differ materially from those expressed or implied in the forward-looking statements.Luso International Banking Limited undertakes no obligation to publicly update or revise any of these forward-looking statements,future events or circumstances or otherwise.

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