In accordance with Law 3556/2007 as well as decisions 1/434/03.07.2007 and 33/03.07.2007 ofGreece's Capital Markets Commission, J&P-AVAX SA announces the following transactions and related activities dated 21.03.2012 on its shares by insiders (as per Article 13 of Law 3340/2005):

• purchase of 17,000 shares for a consideration of €17,393.66 by D&S JOANNOU (INVESTMENTS) LTD, a legal entity related to Board Chairman Mr Leonidas Joannou and Executive Director Mr Christos Joannou
• purchase of 302,289 shares for a consideration of €290,197.44 by Deputy Chairman & Executive Director MrConstantine Kouvaras

Marousi, March 22, 2012

Corporate Disclosure Service