AVAX S.A.

Increase of participation in Athena SA to 71.33%.

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 23,207 shares of Athena SA at euro 1.67 / share, for a total consideration of euro 38,755.69 on August 22 2007. Following the transaction, J&P-AVAX S.A. controls 71.33% of Athena SA's share capital.