In accordance with Articles 3 & 21 of Law 3556/2007, J&P-AVAX SA announces the purchase of 12,000 shares of J&P-AVAX SA on 19.11.2007 and 4,000 shares of J&P-AVAX SA on 20.11.2007 for a total consideration of euro 87,600.00 and euro 28,793.06 respectively, by its Managing Director Mr Constantine Mitzalis (designated an insider under Article 13 of Law 3340/2005).