AVAX S.A.

Announcement on Important Trade Information (Law 3556/2007)

Pursuant to Law 3556/2007, J&P-AVAX SA announces the following transactions dated 19.05.2011 on its shares by insiders (as per Article 13 of Law 3340/2005):
-purchase of 5,000 shares for a total consideration of €5,060.00 by Deputy Chairman Mr Constantine Kouvaras
-purchase of 4,000 shares for a total consideration of €4,080.00 by Managing Director Mr Constantine Mitzalis