AVAX S.A.

Announcement on Important Trade Information (Law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the purchase of 40,000 shares of J&P-AVAX SA for a total consideration of euro 240,800.00 on 16.01.2008 by a legal entity related as per Law 3340/2005 to its Chairman Mr Leonidas Joannou (designated an insider under Article 13 of Law 3340/2005).
Also, pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions on shares of J&P-AVAX SA on 16.01.2008 by close relatives of its Managing Director Mr Constantine Mitzalis (designated an insider under Article 13 of Law 3340/2005), as follows:
Efrosyni Mitzalis, purchase of 9,000 shares for a total consideration of euro 54,338.00
Eleni Mitzalis, purchase of 10,000 shares for a total consideration of euro 60,096.60