J&P-AVAX SA announces that the reserved share capital increase, approved by its extraordinary shareholders meeting held on 23.08.2007, ended on 12.09.2007. The capital increase was not fully subscribed, with 17 out of 19 investors eligible for participating in the capital increase contributing Euro 33,856,860 compared to Euro 41,040,000 which was authorised by the shareholders' meeting. As a result, the Company will issue 4,456,860 new common registered shares rather than 5,400,000 shares initially authorised. New shares arising from the capital increase will be credited to investor accounts and start trading on the Athens Stock Exchange following approval by the authorities. The dates on which shares will be credited to investor accounts and start trading on the Athens bourse will be announced in due course by J&P-AVAX SA.