Decisions of AGM held on 27.06.2013

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 27, 2013 at its headquarters, with 59,318,810 shares or 76.388% 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 01.01.2012-31.12.2012 period
Unanimously approved with 59,318,810 shares or 76.388% of voting rights cast in favour.

Item #2: Profit appropriation for the 01.01.2012-31.12.2012 period
Unanimously approved with 59,318,810 shares or 76.388% of voting rights cast in favour.

Item #3: Waiver of responsibility of the Board of Directors and the Auditors for the 2012 financial accounts
Unanimously approved with 59,318,810 shares or 76.388% of voting rights cast in favour.

Item #4: Election of Auditor and a substitute for the 2013 financial accounts
Approved with 59,294,929 shares or 76.357% of voting rights cast in favour of the appointment of “INTERNATIONAL Certified & Registered Auditors S.A.” as auditors to the 2013 accounts, their remuneration to be set by the Auditors Supervisory Body, in accordance with article 18 of Presidential Decree 226/1997 and its amendments. On the same item, 22,338 shares or 0.029% of voting rights were cast against and 1,543 shares or 0.002% of voting rights abstained from the vote.

Item #5: Approval of remuneration of Board Directors for fiscal 2012, and initial approval of remuneration of Board Directors for fiscal 2013, in accordance with article 24 of Law 2190/1920
Unanimously approved with 59,318,810 shares or 76.388% of voting rights cast in favour.

Item #6: Approval of additional acts 3/25.09.2012, 4/17.04.2013 και 5/17.04.2013 to the €265 million Syndicated Bond Loan issued on 19.05.2010
Unanimously approved with 59,318,810 shares or 76.388% of voting rights cast in favour.

Item #7: Approval of replacement of Board member(s)
Approved with 59,260,435 shares or 76.313% of voting rights cast in favour of the election at the Board meetings held on 18.06.2013 of Mrs Stelios Georgallides and Mrs Athena Eliades, as new executive members of the Board of Directors, replacing Mr Dakis Joannou and Mr George Demetriou who resigned their posts. On the same item, 28,564 shares or 0.037% of voting rights were cast against and 29,811 shares or 0.038% of voting rights abstained from the vote.

Item #8: Approval of participation of the Company in other companies and joint ventures
Approved with 59,294,929 shares or 76.357% of voting rights cast in favour of the participation of the Company in other companies and joint ventures set up in 2012. On the same item, 22,338 shares or 0.029% of voting rights were cast against and 1,543 shares or 0.002% of voting rights abstained from the vote.

Item #9: Authorisation as per article 23a of Corporate Law2190/1920 for agreements to be signed between the Company and members of its Board of Directors or related business entities
Approved with 59,260,435 shares or 76.313% of voting rights cast in favour, 28,564 shares or 0.037% of voting rights cast against and 29,811 shares or 0.038% of voting rights abstaining from the vote.

Item #10: 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 59,318,810 shares or 76.388% of voting rights cast in favour.

Item #11: The chairman of the AGM informed shareholders of latest developments concerning the Company
Approved with 59,261,978 shares or 76.315% of voting rights cast in favour, and 56,832 shares or 0.073% of voting rights cast against.