Announcement of regulated information according to Law 3556/2007


LAMDA Development S.A. (the Company) in accordance with the provisions of Laws 3556/2007 and 3340/2005, as well as the Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, announces that Consolidated Lamda Holdings S.A. on September 2, 2008 acquired 11.557 Company’s registered common shares with total amount of euro 76.779,20.

It is noted that Consolidated Lamda Holdings S.A. is pursuant to the provisions of Law 3340/2005 a related legal entity with Messrs. F. Antonatos and E. Bussetil, P. Kalantzis and A. Tamvakakis. Messrs F. Antonatos, E. Bussetil, P. Kalantzis are non executive members of the Company’s Board of Directors, while Mr. A. Tamvakakis is Chairman and CEO of the Company.