Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions dated 14.07.2011 on its shares by insiders (as per Article 13 of Law 3340/2005):

• purchase of 200 shares for a consideration of €170.00 by Deputy Chairman & Executive Director Mr Constantine Kouvaras
• purchase of 1,700 shares for a consideration of €1,498.50 by Managing Director Mr Constantine Mitzalis
• purchase of 10,000 shares for a total consideration of €8,800.00 by Executive Director Mr Constantine Lysarides

Marousi, July 15, 2011

Corporate Disclosure Service