I N V I T A T I O N

Shareholders of

J&P-AVAX SA

are invited to the

ANNUAL GENERAL MEETING

In accordance with Corporate Law 2190/1920 and its amendments as well as the Company Charter, the Board of Directors of J&P-AVAX SA invites shareholders to the Annual General Meeting on Thursday, June 27, 2013 at 13:00 at the Company headquarters, located at16 Amarousiou-Halandriou StreetinMarousi,Greeceto discuss the following agenda:

AGENDA

1. Approval of the Directors' Report and the Auditors' Review Report, along with the annual financial report for the 01.01.2012-31.12.2012 period
2. Profit appropriation for the 01.01.2012-31.12.2012 period
3. Waiver of responsibility of the Board of Directors and the Auditors for the 2012 financial accounts
4. Election of Auditor and a substitute for the 2013 financial accounts
5. Approval of remuneration of Board Directors for fiscal 2012, and initial approval of remuneration of Board Directors for fiscal 2013, in accordance with article 24 of Law 2190/1920
6. Approval of additional acts 3/25.09.2012, 4/17.04.2013 και 5/17.04.2013 to the €265 million Syndicated Bond Loan issued on 19.05.2010
7. Approval of replacement of Board member(s)
8. Approval of participation of the Company in other companies and joint ventures
9. Authorisation as per article 23a of Corporate Law2190/1920 for agreements to be signed between the Company and members of its Board of Directors or related business entities
10. Authorisation as per article 23 of Corporate Law2190/1920 to Board Directors for participating in the management of companies with similar activities
11. Other announcements

In the event of failure to reach quorum in the assembly, the Board of Directors invites shareholders to a First Repeat General Meeting on Monday July 08, 2013 at 13:00 at the Company Headquarters.

PARTICIPATION AND VOTING RIGHTS TO THE GENERAL METING

Participation and voting rights to the Annual General Meeting 2013 are offered to shareholders recorded on the Electronic Registry System of “Hellenic Exchanges SA”. Proof of share ownership is effected by means of a relevant certificate issued by the Electronic Registry System. Share ownership need be in effect on Saturday June 22, 2013 (record date), ie at the start of the fifth day prior to the assembly date of June 27, 2013, while the share ownership certificate need by deposited to the Company at least three days prior to the assembly date, ie on June 24, 2013 at the latest.

In the event of a repeat general meeting on July 08, 2013, share ownership should be certified for the start of the fourth day prior to the repeat assembly date, ie on July 04, 2013 (record date), with the share ownership certificate issued by “Hellenic Exchanges SA” required to be deposited to the Company three days at the latest prior to the repeat assembly date, ie on July 05, 2013.

Participation and voting rights for the Annual General Meeting of the Company's shareholders are only offered to investors bearing shareholder status on the record date. In the event of non-compliance to article 28a of Law2190/1920 and its amendments, shareholders require assembly permission to participate. Exercise of participation and voting rights does not require impounding or any other form of withdrawal of shares from free trading between the registry date and the assembly date.

The full text of this invitation, along with the information required by by paragraph 3 of article 27 of Law2190/1920 and its amendments, are available in electronic form at the Company website www.jp-avax.gr

Marousi, June 05, 2013

THE BOARD OF DIRECTORS