AVAX S.A.

Annual Report for 2006

J&P-AVAX S.A. informs its shareholders and the investor community that as of June 12th 2007, the company's Annual Report for 2006 (αccording to decisions 5/204/2000 & 7/372/15.2.2006, Hellenic Capital Market Commission's) is available in electronic format at www.jp-avax.gr, and in hard copy from the company's head offices, Amarousiou-Halandriou 16, 151 25 Maroussi.