AVAX S.A.

Announcement

Further to our announcement dated 09.06.2010 regarding the ongoing negotiations for the exercise of our right to purchase part of ATTIKAT SA's equity stake in ATTIKI ODOS SA and ATTIKA DIODIA SA (thereafter referred to as the "Participations"), and in response to a question put forward by Greece's Capital Markets Commission, we announce the following:
1.The sale procedure, initiated by VINCI?s expression of interest in acquiring the Participations, which includes the exercise of our rights of first refusal, is considered terminated with no deal reached.
2.Our interest in acquiring the Participations has not waned and, in the event of a re-initiation of the sale procedure by ATTIKAT, we will participate in that procedure, acting in accordance with the Corporate Chapters and the Shareholders' Agreement, reserving our rights mentioned in those legal documents.