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 22.10.2008 on its shares by insiders and related private investors (as per Article 13 of Law 3340/2005):
-purchase of 5,000 shares for a consideration of euros 11,200.00 by its Managing Director Mr Constantine Mitzalis
-purchase of 51,300 shares for a consideration of euros 117,884.00 by Mrs Margarita Gerarhakis a close relative of its Vice President Mr Nikolaos Gerarhakis.