AVAX S.A.

Announcement.

J&P-AVAX S.A. informs its shareholders and the investor community that as of June 11 2008, the company's Annual Report for 2007 (αccording to decisions 5/204/2000 & 7/372/15.2.2006, Hellenic Capital Market Commission's) is available in electronic format at www.jp-avax.gr, and in hard copy from the company's head offices, 16 Amarousiou-Halandriou str., 151 25 Maroussi.