AVAX S.A.

ANNOUNCEMENT ON IMPORTANT TRADE INFORMATION (LAW 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions on its shares by insiders (as per Article 13 of Law 3340/2005):
-purchase of 6,000 shares for a consideration of €5,800.00 by Vice Chairman Mr Nicholas Gerarhakis on 28.06.2011
-purchase of 15,000 shares for a consideration of €14,125.78 by Managing Director Mr Constantine Mitzalis on 28.06.2011.