Announcement 30.5.2017 – New BoD member

LAMDA Development S.A. (hereinafter “the Company”), announces that the Board of Directors convened on the 30th May 2017 and elected Mr. Eftichios Vassilakis as new member, in replacement of the resigned member, Mr. Achilleas Constantakopoulos, the resignation of whom was announced at the as of 26th May 2016 Board of Directors Meeting, the replacement being effected for the remaining of the service term of the resigned member.

Furthermore, the Board of Directors, in compliance with article 3 of Law 3016/2002 and given that the resigned member was independent, a) notes that the new member meets the requirements set out in article 4 of the abovementioned law, pertaining to an “independent member of the BoD” and b) appoints his status as non-executive.

The election of the new Board of Directors’ member will be announced to the next General Meeting of the Shareholders in accordance to L.2190/1920 and the Company’s Articles of Association.

A short CV of Mr. Eftichios Vassilakis is following.

Mr. Eftichios Vassilakis is the Managing Director of Autohellas S.A./Hertz and also the Vice Chairman of Aegean Airlines and Olympic Air. Mr. Vassilakis holds non-executive directorships with Greek listed retailer Fourlis and also luxury resorts developer TEMES. He previously served as a non-executive board member with Piraeus Bank and Titan Cement. Since 2011 he has been a Board member of the Association of Greek Tourism Enterprises and Vice Chairman from 2014. He is also a Board Member of the Hellenic Federation of Enterprises (SEV). Mr. Vassilakis holds a B.A. in Economics from Yale University (1988) and an MBA from the Columbia Business School of New York (1991). He is married with three children.