AVAX S.A.

Announcement on Important Trade Information (Law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions dated 04.02.2008 on its shares by insiders (as per Article 13 of Law 3340/2005):
-purchase of 3,100 shares for a consideration of euro 17,094.00 by a legal entity related to Chairman Mr Leonidas Joannou
-purchase of 2,000 shares for a consideration of euro 11,000.00 by Mrs Eleni Mitzalis, a close relative of Managing Director Mr Constantine Mitzalis
-purchase of 5,758 shares for a consideration of euro 31,669.00 by Mrs Efrosini Mitzalis, a close relative of Managing Director Mr Constantine Mitzalis