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 24.06.2011 on its shares by insiders (as per Article 13 of Law 3340/2005):
-purchase of 1,000 shares for a consideration of €910.00 by Deputy Chairman Mr Constantine Kouvaras
-purchase of 5,000 shares for a consideration of €4,505.00 by Vice Chairman Mr Nicholas Gerarhakis
-purchase of 9,000 shares for a consideration of €8,160.00 by Managing Director Mr Constantine Mitzalis.