Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions dated 20.07.2011 on its shares by insiders (as per Article 13 of Law 3340/2005):

• purchase of 6,040 shares for a consideration of €5,264.80 by Deputy Chairman & Executive Director Mr Constantine Kouvaras
• purchase of 1,700 shares for a consideration of €1,473.45 by Managing Director Mr Constantine Mitzalis

Marousi, July 21, 2011

                                            Corporate Disclosure Service