AVAX S.A.

Increase of participation in Athena SA to 71.38%.

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 17,582 shares of Athena SA at euro 1.67 / share, for a total consideration of euro 29,361.94 on August 24 2007. Following the transaction, J&P-AVAX S.A. controls 71.38% of Athena SA's share capital.