AVAX S.A.

Increase of participation in Athena SA to 68.47%.

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 89.312 shares of Athena SA at euro 1.67 / share, for a total consideration of euro 149,151.04 on August 2 2007. Following the transaction, J&P-AVAX S.A. controls 68.47% of Athena SA's share capital.