Agreement with the Ecumenical Patriarchate

LAMDA Development S.A. announces that subsidiary company Pylaia S.A. agreed with the Ecumenical Patriarchate, owner of the land plot on which the Company developed and operate the Mediterranean Cosmos Shopping Centre (the Centre), for the extension of the long-term lease of the said land plot area for 30 additional years, until 2065.

The positive effect of the agreement on the value of the Centre will be quantified by independent valuer and will be included in the results of the first semester 2018 that will be announced on 6.9.2018.