Increase of participation in Athena SA to 70.88%.

AVAX S.A.

Increase of participation in Athena SA to 70.88%.

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 48,973 shares of Athena SA at Euro 1.67 / share, for a total consideration of Euro 81,784.91 on 14.08.2007. Following the transaction, J&P-AVAX S.A. controls 70.88% of Athena SA's share capital.