In accordance with Law 3556/2007 as well as decisions 1/434/03.07.2007 and 33/03.07.2007 of Greece's Capital Markets Commission, J&P-AVAX SA announces the purchase on 23.05.2012 of 2,350 shares of J&P-AVAX SA for a consideration of euro 1,371.75 by D&S JOANNOU (INVESTMENTS) LTD a legal entity related to Board Chairman Mr Leonidas Joannou and Executive Director Mr Christos Joannou. 

Marousi, May 24 2012

Corporate Disclosure Service