Decisions of AGM held on 24.06.2014

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 the Company’s shareholders was held on June 24, 2014 at its headquarters, with 64,386,762 shares or 83,035% of total voting rights being represented.

Shareholders voted on the agenda as follows:

Item #1: Approval of revised financial accounts for the 01.01.2012 – 31.12.2012 period

Unanimously approved the revisions in the 2012 financial statements due to changes in IAS 19 regarding benefits to personnel with 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #2: Approval of the Directors’ Report and the Auditors’ Review Report, along with the annual financial report for the 01.01.2013-31.12.2013 period

Unanimously approved with 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #3: Profit appropriation for the 01.01.2013-31.12.2013 period

Unanimously approved with 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #4: Waiver of responsibility of the Board of Directors and the Auditors for the 2013 financial accounts

Unanimously approved with 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #5: Election of Auditor and a substitute for the 2014 financial accounts

Unanimously approved the appointment of “OMEGA AUDITORS SA” with 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #6: Approval of remuneration of Board Directors for fiscal 2013, and initial approval of remuneration of Board Directors for fiscal 2014, in accordance with article 24 of Law 2190/1920

Unanimously approved the €900,000 total gross remuneration for 2013 and granted initial approval for an equal amount in 2014 with 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #7: Approval of participation of the Company in other companies and joint ventures

Unanimously approved with 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #8: Authorisation as per article 23a of Corporate Law2190/1920 for signing contracts between the Company and “PROET SA”, «JPA Construction and Operation of Schools Special Purpose Vehicle SA» and «ATHENA Concessions SA» as part of the construction of the project titled: «Design, Financing, Construction and Technical Management of 10 School Facilities in the Attica Prefecture on a PPP basis»

Unanimously approved with 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #9: 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 64,386,762 shares or 83,035% of voting rights cast in favour.

Item #10: Other announcements [The alternate chairman informed shareholders of latest developments concerning the Company]

Approved with 64,321,258 shares or 82.951% of voting rights cast in favour, and 65,504 shares or 0.084% of voting rights cast against.