AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

Institutional Investors as well as professional and other investors of a similar standing either subscribing for or
redeeming the Shares in the Company on the basis of the Prospectus, hereby agree that where they receive the
incorrect number of Shares or the incorrect amount of redemption proceeds as a result of an error in the calculation
of the Net Asset Value per Share the following will apply. They will be deemed to have unknowingly benefited from
an error in the calculation of the Net Asset Value per Share and in such circumstances will reimburse all amounts
unduly received or pay any amounts that should have been paid if there had not been such an error of the Net Asset
Value per Share.
XII - HOW TO TRANSFER SHARES
Shareholders wishing to transfer some or all of the Shares registered in their names should submit to the Registrar
Agent a standard stock transfer form or other appropriate documentation. No stamp duty is payable on transfer
Investors are reminded that any transfer of Shares held in Euroclear or Clearstream must be notified immediately to
the Registrar Agent.
The Registrar Agent is available to receive requests for the subscription, conversion and redemption of
Shares on each Business Day between the hours of 9:00 and 17:00 (Luxembourg time) which requests will
be dealt with according to time of receipt as described hereabove.
XIII - DIVIDENDS
Distribution Shares may pay a dividend to their holders. In such case, dividends shall be paid out of the investment
income gains and/or realized capital gains, or out of any other funds available for distribution. Nevertheless, no
distribution may be made as a result of which the total net assets of the Company would fall below the equivalent in
the Reference Currency of the Company of the minimum amount of the net assets of UCIs as required by
Luxembourg law.
Capitalisation Shares capitalise income. Dividends are declared by the Directors and approved by the Shareholders.
The Directors may determine annually, after the end of the relevant accounting year, if and to what extent the
Company will pay dividends out of the net investment income, net capital gains available for distribution, or capital.
Interim dividends may be paid if and when decided by the Directors in compliance with applicable law. Any dividend
payments will be confirmed in writing to the holders of Distribution Shares.
Dividend payment will be made by bank transfer. Investors may request exceptionally on the Application Form that
their dividends be paid to them in a particular currency to the extent the Management Company agrees to do so.
Since dividends are declared in the Reference Currency of the relevant Class, the Management Company will
arrange for all dividends to be paid in the single currency selected. Any foreign exchange will normally be transacted
shortly before the date of payment. Investors should be aware that the amount of currency involved and the time at
which such foreign exchange is transacted will affect the rate of exchange. No liability can be accepted by the
Custodian, the Registrar Agent or the Company for any losses arising from adverse currency fluctuations.
Unless otherwise specifically requested on the Application Form, dividends will be reinvested in further
Shares of the same Class within the same Sub-Fund and Shareholders will be advised of the details by a
contract note.
Holders of Shares held in Euroclear or Clearstream are not able to have their dividends reinvested. Dividends will be
paid to Euroclear or Clearstream which will account for these amounts to the relevant Shareholders.
XIV - DATA PROTECTION
In accordance with the provisions of the law of 2 nd August 2002 on the protection of persons with regard to the
processing of personal data, the Company has to inform Shareholders that their personal data is kept by means of a
computer system.
The Company collects stores and processes by electronic or other means the data supplied by Shareholders at the
time of their subscription for the purpose of fulfilling the services required by the Shareholders and complying with its
legal obligations.
The data processed includes the name, address and invested amount of each Shareholder (the “Personal Data”).
The investor may, at his/her/its discretion, refuse to communicate the Personal Data to the Company. In this case,
however, the Company may reject his/her/its request for subscription of Shares in the Company.
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