29 January 2021

Appointment of Market Maker

AVAX SA (the «Company») hereby announces that the Athens Stock Exchange’s Security Markets Committee on 28.01.2021 approved the appointment of Athens bourse member Piraeus Securities SA as market-maker on Company shares, to improve their liquidity, starting on Monday 01.02.2021.

The Company has signed with Piraeus Securities SA a market-making agreement, pursuant to articles 1.3 and 2.4 of the Athens Stock Exchange Regulation, the main terms of which are:

1. Piraeus Securities SA will enter market making orders (ie simultaneous bid and ask orders) for Company shares into the Athens Stock Exchange trading platform using its proprietary account, in accordance with pertinent legislation. The Company will pay Piraeus Securities SA the fee outlined in the agreement towards this service.
2. The market making agreement has a one-year duration.

Marousi, January 29, 2021
The Board of Directors