AVAX S.A.

Announcement on important trade information (law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the purchase of 10,000 shares of J&P-AVAX SA for a consideration of euro 29,847.00 on 14.12.2009 by its Managing Director Mr Constantine Mitzalis (designated an insider under Article 13 of Law 3340/2005).