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 EFG Eurobank Ergasias S.A. (“the Bank”) on June 9, 2011, acquired 161.233 Company’s registered common shares due to the recent merger by absorption of DIAS S.A., which owned the abovementioned shares.

It is noted that EFG Eurobank Ergasias S.A. is pursuant to the provisions of Law 3340/2005 a related legal entity with Messrs. F. Antonatos and E.L. Bussetil, non executive members both of the Company’s and the Bank’s Board of Directors.