AVAX S.A.

Announcement on important trade information(Law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transaction dated 21.11.2008 on its shares by an insider (as per Article 13 of Law 3340/2005): purchase of 100,000 shares for a total consideration of euro 223,000.00 by its Executive Director Mr Constantine Lysarides.