AVAX S.A.

Increase of participation in Athena SA to 68.29%.

Pursuant to Article 282 of the Athens Stock Exchange Regulation and Article 24 of Law 3461/2006, J&P-AVAX S.A. announces the purchase of 100,871 shares of Athena SA at Euro 1.67 / share, for a total consideration of Euro 168,454.57 on August 1 2007. Following the transaction, J&P-AVAX S.A. controls 68.29% of Athena SA's share capital.