AVAX S.A.

Announcement on Important Trade Information (Law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions on 29.01.2008 on its shares by insiders and related legal entities and private investors (as per Article 13 of Law 3340/2005):
-purchase of 5,000 shares for a total consideration of euro 28,610.76 by a legal entity related to its Managing Director Mr Constantine Mitzalis.
-purchase of 8,000 shares for a total consideration of ? 45,532.60 by Mrs Eleni Mitzalis, a close relative of its Managing Director Mr Constantine Mitzalis.
-purchase of 3.000 shares for a total consideration of euro 17,260.00 by Mrs Efrosuni Mitzalis, a close relative of its Managing Director Mr Constantine Mitzalis.
-purchase of 8,000 shares for a total consideration of euro? 44,800.00 by Mrs Xaviera Kouvaras, a close relative of its Deputy Chairman Mr Constantine Kouvaras.
-purchase of 8,000 shares for a total consideration of euro 44,800.00 by Mrs Chrysavgi Kouvaras, a close relative of its Deputy Chairman Mr Constantine Kouvaras.