Announcement in relation to business development

LAMDA DEVELOPMENT S.A., as per its existing strategy, is concentrating on its activities in the Greek market, with focus on the company’s further growth in the area of ​​shopping centers and, in general, on retail real estate assets, as well as on the very significant project of the redevelopment of the Hellinikon. Following this strategy, the company concluded the sale of the real estate "Kalemegdan" in Belgrade, at the price of €25 million. The book value of the property was €40.4 million.