AVAX S.A.

Increase of participation in Athena SA to 64,73%

In accordance with Article 282 of the Athens Stock Exchange Regulation, J&P-AVAX S.A. announces the purchase of 164.987 shares of Athena SA at Euro 1.67 / share, for a total consideration of Euro 275.528,29 on July 13, 2007. Following the transaction, J&P-AVAX S.A. controls 64,73% of Athena SA's share capital.