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 16.01.2012 on its shares by insiders (as per Article 13 of Law 3340/2005):

• purchase of 1,600 shares for a consideration of €1,000.61 by Mrs Xaviera Kouvaras, a close relative of Deputy Chairman Mr Constantine Kouvaras.
• purchase of 1,600 shares for a consideration of €1,001.60 by Mrs Chrysavgi Kouvaras, a close relative of Deputy Chairman Mr Constantine Kouvaras.

Marousi, January 17, 2012

Corporate Disclosure Service