AVAX S.A.

Announcement pursuant to Law 3556/2007

Pursuant to Law 3556/2007, J&P-AVAX SA announces the purchase of 2,610 shares on 11.02.2008 for a consideration of euro 13,813.00 by Mr Constantine Lysaridis, an Executive Director of the Company, considered an insider as per Article 13 of Law 3340/2005.