In accordance with Law 3556/2007 as well as decisions 1/434/03.07.2007 and 33/03.07.2007 of Greece's Capital Markets Commission, J&P-AVAX SA announces the following transactions dated 11.06.2012 & 06.06.2012 on its shares by insiders (as per Article 13 of Law 3340/2005):

• purchase of 1,100 shares for a consideration of euros 673.90 by D&S JOANNOU (INVESTMENTS) LTD, a legal entity related to Board Chairman Mr Leonidas Joannou and Executive Director Mr Christos Joannou
• purchase of 14,900 shares for a consideration of euros 8,948.35 by Executive Director Mr Constantine Lysarides.

Marousi, June 12 2012

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