AVAX S.A.

Announcement on important trade information (Law 3556/2007)

In accordance with Law 3556/2007, J&P-AVAX SA announces the purchase of 11,660 shares on 16.05.2011 for a total consideration of €12,021,80 by Deputy Chairman Mr Constantine Kouvaras (considered an insider, as per Article 13 of Law 3340/2005).