AVAX S.A.

Announcement on important trade information (Law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the purchase of 2,205 shares of J&P-AVAX SA for a consideration of euro 4,223.38 on 23.01.2009 by its Independent Non-Executive Director Mr David Watson (designated an insider under Article 13 of Law 3340/2005).