Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions on shares of J&P-AVAX SA by close relatives of its Deputy President Mr Constantine Kouvaras (designated an insider under Article 13 of Law 3340/2005) on 16.01.2008: Xaviera Kouvaras, purchase of 1,016 shares for a total consideration of euro 5,953.12 Chrysavgi Kouvaras, purchase of 1,000 shares for a total consideration of euro 5,860.00.