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 following transactions dated 30.12.2011 on its shares by insiders (as per Article 13 of Law 3340/2005):

• purchase of 4,564 shares for a consideration of euros 2,810.00 by D&S JOANNOU (INVESTMENTS) LTD, a legal entity related to Board Chairman Mr Leonidas Joannou and Executive Director Mr Christos Joannou
• purchase of 2,196 shares for a consideration of euros 1,354.73 by Executive Director Mr Constantine Lysarides

Marousi, January 2 2012

Corporate Disclosure Service