Acquisition of Own Shares

CORPORATE TRANSACTIONS
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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. (“the Company”) announces that following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors’ resolution dated May 22, 2008 purchased own shares through the Athens Exchange Member National P&K Securities, as follows:

On June 24, 2008 the Company purchased 4.400 shares, with average cost price € 9,04 per share and total purchase price € 39.790,00

On June 25, 2008 the Company purchased 4.620 shares, with average cost price € 9,07 per share and total purchase price € 41.898,96

On June 26, 2008 the Company purchased 4.000 shares, with average cost price € 9,02 per share and total purchase price € 36.090,00

On June 27, 2008 the Company purchased 4.400 shares, with average cost price € 9,09 per share and total purchase price € 39.991,22

On June 30, 2008 the Company purchased 5.200 shares, with average cost price € 9,08 per share and total purchase price € 47.236,00