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

• purchase of 5,000 shares for a consideration of €4,940.00 on 07.07.2011 by Vice Chairman & Executive Director Mr Nicholas Gerarhakis
• purchase of 10,000 shares for a consideration of €8,200.00 on 03.08.2011 by Executive Director Mr Constantine Lysarides

Marousi, August 04, 2011

Corporate Disclosure Service