Announcement of Lamda Development SA

Marousi, 23/06/2020

LAMDA Development SA (the Company), in accordance with Law 3556/2007 and Regulation (EU) 596/2014, informs investors that the Board of Directors of the Company in its meeting held today, 23.06.2020, decided, inter alia, the issuance of a common bond loan of an amount up to three hundred twenty million euro (€320,000,000), and minimum amount two hundred seventy million euro (€270,000,000) (the Bond Loan), in accordance with Law 4548/2018 and applicable provisions of Law 3156/2003, the disposal of the relevant bonds through a public offer in Greece and their listing to trade on the Fixed Income Securities Trading Segment of the regulated market of the Athens Exchange.

The timetable of the issuance of the Bond Loan and the public offer of the bonds to investors will be determined after the relevant Prospectus is approved by the Hellenic Capital Market Commission. The materialization of the transaction depends on market conditions.

The terms of the Bond Loan and the public offer will be included in the Bond Loan Programme and the Prospectus to be approved by the Hellenic Capital Market Commission and will be made available to investors.

The Company will inform investors according to applicable legislation with respect to the bond Loan issuance with new announcements.