AVAX S.A.

Increase of participation in Athena SA to 61,64%

In accordance with Article 282 of the Athens Stock Exchange Regulation, J&P-AVAX S.A. announces the purchase of 265.035 shares of Athena SA at euro 1.67 / share, for a total consideration of euro 442.608,45 on June 29, 2007. Following the transaction, J&P-AVAX S.A. controls 61,64% of Athena SA's share capital.