AVAX S.A.

ANNOUNCEMENT ON IMPORTANT TRADE INFORMATION (LAW 3556/2007)

According to Law 3556/2007, J&P-AVAX SA announces the following transactions dated 23.06.2011 on its shares by insiders (as per Article 13 of Law 3340/2005):
-purchase of 10,000 shares for a consideration of €9,070.00 by Vice Chairman Mr Nicholas Gerarhakis
-purchase of 15,000 shares for a consideration of €13,480.00 by Managing Director Mr Constantine Mitzalis