AVAX S.A.

Announcement on Important Trade Information (Law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the purchase of 60,321 shares of J&P-AVAX SA for a total consideration of euro 404,583.44 on 06.12.2007 by its Managing Director Mr Constantine Mitzalis (designated an 'insider' under Article 13 of Law 3340/2005).