Appointment of new Board of Directors

J&P-AVAX SA announces that following the election of a new Board of Directors for a three-year term ending 30.06.2018 by the Annual General Meeting of its shareholders held on 24.06.2015, the new Board convened on 24.06.2015 and appointed its members as follows:

1. Christos Joannou, Chairman (Executive)

2. Konstantine Kouvaras, Alternate Chairman (Executive)

3. Konstantine Mitzalis, Vice Chairman & Managing Director (Executive)

4. Konstantine Lysarides, Director (Executive)

5. Stylianos Georgallides, Director (Executive)

6. Athena Demetriou-Eliades, Director (Executive)

7. Efthyvoulos Paraskevaides, Director (Non-Executive)

8. Leoni Paraskevaides Mavronikola, Director (Non-Executive)

9. John Pistiolis, Director (Non-Executive)

10. Alexios Sotirakopoulos, Director (Non-Executive, Independent)

11. David Watson, Director (Non-Executive, Independent)

Marousi, June 25, 2015
THE BOARD OF DIRECTORS