Acquisition of Own Shares

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 5, 2009) purchased own shares through the Athens Exchange Member Eurobank EFG Securities Investment Firm S.A., as follows:

On March 3, 2010 the Company purchased 1.250 shares, with average cost price € 5,22 per share and total purchase price € 6.525,00.