Decisions of AGM held on 28.06.2017

A N N O U N C E M E N T

Decisions of AGM of 28.06.2017

Ιn accordance with paragraph 4.1.3.3 of the Athens Stock Exchange’s regulation, J&P-AVAX SA announces that the Annual General Meeting of its shareholders was held on June 28, 2017 at its headquarters, with 64,125,400 shares or 82.577% of total voting rights being represented.

Shareholders voted on the agenda as follows:

Item #1: Approval of the Directors’ Report and the Auditors’ Review Report, along with the annual financial report for the 01.01.2016-31.12.2016 period

Unanimously approved with 64,125,400 shares or 82.577% of voting rights cast in favour.

Item #2: Profit appropriation for the 01.01.2016-31.12.2016 period

Unanimously approved with 64,125,400 shares or 82.577% of voting rights cast in favour.

Item #3: Waiver of responsibility of the Board of Directors and the Auditors for the 2016 financial accounts

Unanimously approved with 64,125,400 shares or 82.577% of voting rights cast in favour.

Item #4: Election of Auditor and a substitute for the 2017 financial accounts

Unanimously approved the appointment of “BDO CERTIFIED PUBLIC ACCOUNTANTS SA” with 64,125,400 shares or 82.577% of voting rights cast in favour. The remuneration of the certified accountant to carry out the audit will be set by the Supervisory Board of the Union of Auditors, in accordance with article 18 of Presidential Decree 226/1992 and its amendments.

Item #5: Approval of remuneration of Board Directors for fiscal 2016, and initial approval of remuneration of Board Directors for fiscal 2017, in accordance with article 24 of Law 2190/1920

Approved the €900,000 total gross remuneration of Board members for 2016 and granted initial approval for an equal amount in 2017 with 63,352,398 shares or 81.582% of voting rights cast in favour, and 773,002 shares or 0.995% of voting rights cast against.

Item #6: Approval of participation of the Company in other companies and joint ventures

Unanimously approved with 64,125,400 shares or 82.577% of voting rights cast in favour.

Item #7: Authorisation as per article 23a of Corporate Law2190/1920 for signing contracts between the Company and persons described in article 23a or related companies.

Approved with 63,352,398 shares or 81.582% of voting rights cast in favour and 773,002 shares or 0.995% of voting rights cast against.

Item #8: Authorisation as per article 23 of Corporate Law2190/1920 to Board Directors for participating in the management of companies with similar activities

Unanimously approved with 64,125,400 shares or 82.577% of voting rights cast in favour.

Item #9: Election of members of the Audit Committee, as per article 44, paragraph 1 of Law 4449/2017

Unanimously approved with 64,125,400 shares or 82.577% of voting rights cast in favour the election of Messrs David Watson, Alexios Sotirakopoulos and Christos Siatis as members of the Audit Committee.

Item #10: Other announcements

The assembly chairman informed shareholders of latest developments concerning the Company.

Approved with 63,352,398 shares or 81.582% of voting rights cast in favour and 773,002 shares or 0.995% of voting rights cast against.