AVAX S.A.

ANNOUNCEMENT
ON IMPORTANT TRADE INFORMATION (LAW 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the purchase of 2,994 shares of J&P-AVAX SA for a consideration of euro 8,699.44 on 23.12.2009 by its Managing Director Mr Constantine Mitzalis (designated an insider under Article 13 of Law 3340/2005).