AVAX S.A.

Increase of participation in Athena SA to 63,3%

In accordance with Article 282 of the Athens Stock Exchange Regulation, J&P-AVAX S.A. announces the purchase of 225,798 shares of Athena SA at Euro 1.67 / share, for a total consideration of Euro 377,082.66, on July 06, 2007. Following the transaction, J&P-AVAX S.A. controls 63.3% of Athena SA's share capital. The Company also wishes to correct its announcement dated 06/07/2007 regarding the purchase of Athena SA shares on 05/06/2007, which amounted to 119,800 shares for a total consideration of Euro 200,199.60.