Announcement of regulated information according to Law 3556/2007: Notification concerning changes in voting rights (L.3556/2007)

LAMDA Development S.A., further to its announcement dated 11.7.2014 and following relevant notifications submitted thereto on 15.7.2014 and 16.07.2014, clarifies that GSO Capital Partners LP controls the exercise of the voting rights of the seven investment funds in its capacity as manager or advisor of these funds. GSO Advisor Holdings L.L.C. is the general partner of GSO Capital Partners LP. Blackstone Holdings I L.P. is the sole member of GSO Advisor Holdings L.L.C. Blackstone Holdings I/II GP Inc. is the general partner of Blackstone Holdings I L.P. The Blackstone Group L.P. is the controlling shareholder of Blackstone Holdings I/ΙΙ GP Inc. The Blackstone Group Management L.L.C. is the general partner of The Blackstone Group L.P., and as such, the ultimate controlling legal entity of the chain of the abovementioned companies, and is itself is controlled by its co-founder, Chairman & CEO Stephen A. Schwarzman.