Announcement of the purchase of own shares that might exceed the 25% limit
Pursuant to the relevant resolutions of the Annual General Meeting of the Shareholders and the Board of Directors (dated 22.05.2008 and 17.02.2009) and in accordance with article 5 par.3 of the Regulation of the Committee of European Community No 2273/2003, LAMDA Development S.A. announces that from April 30th, 2009 to July 31st , 2009 intends to proceed to purchases of own shares. Taking into account the low liquidity of the relevant market, these purchases might exceed the limit of 25% of the average daily volume, as specified under paragraph 2 of article 5 of the Regulation of the Committee of European Community No 2273/2003. Under no circumstance, these purchases will exceed the 50% limit of the average daily volume as specified under paragraph 2 of article 5 of the Regulation of the Committee of European Community No 2273/2003.