AVAX S.A.

Increase of participation in Athena SA to 61,95%

In accordance with Article 282 of the Athens Stock Exchange Regulation, J&P-AVAX S.A. announces the purchase of 149.226 shares of Athena SA at Euro 1.67 / share, for a total consideration of Euro 249.207,42 on July 2, 2007. Following the transaction, J&P-AVAX S.A. controls 61,95% of Athena SA's share capital.