Announcement for the purchase of own shares


LAMDA Development S.A. announces the following:

A. The Annual General Meeting of the Shareholders dated 19 May, 2011 approved the acquisition of own shares through the Athens Exchange, in accordance with the article 16 of C.L. 2190/1920, as in force, under the following conditions:

  1. The Company will acquire own shares up to 24 months from the date of the Annual General Meeting, that is until 19.5.2013.
  2. The maximum number of own shares to be acquired during the abovementioned period will not exceed the 10% of the total share capital, i.e. 4.425.700 shares, including the already purchased.
  3. The acquisition of the abovementioned own shares will take place at a maximum acquisition price of 14 euros per share and a minimum acquisition equal to it’s nominal value price, i.e. 0,30 euros per share.
  4. The Board of Directors was authorized to determine the specific terms and details for the implementation of the program.

B. Further to the above resolution, the Board of Directors decided on its meeting on the 19th, May 2011, that the Company will purchase own shares during the period from 23.5.2011 until 19.5.2013.