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

• purchase of 2,600 shares for a consideration of euros 1,481.80 on 11.01.2012 by D&S JOANNOU (INVESTMENTS) LTD, a legal entity related to Board Chairman Mr Leonidas Joannou and Executive Director Mr Christos Joannou
• purchase of 5,000 shares for a consideration of euros 2,850.00 on 10.01.2012 by Managing Director Mr Constantine Mitzalis

Marousi, January 12, 201

Corporate Disclosure Service