AVAX S.A.

Increase of participation in Athena SA to 67.64%.

In accordance with Article 282 of the Athens Stock Exchange Regulation, J&P-AVAX S.A. announces the purchase of 141.432 shares of Athena SA at euro 1,67 / share, for a total consideration of 236,191.44 euro on July 27, 2007. Following the transaction, J&P-AVAX S.A. controls 67.64% of Athena SA's share capital.