Increase of participation in Athena SA to 71.07%.

AVAX S.A.

Increase of participation in Athena SA to 71.07%.

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 90,674 shares of Athena SA at Euro 1.67 / share, for a total consideration of Euro 151,425.58 on 16.08.2007. Following the transaction, J&P-AVAX S.A. controls 71.07% of Athena SA's share capital.