AVAX S.A.

Announcement on important trade information (Law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the purchase of 4,000 shares of J&P-AVAX SA for a consideration of euro 11,993.07 on 16.12.2009 by its Managing Director Mr Constantine Mitzalis (designated an insider under Article 13 of Law 3340/2005).