Announcement for the sale of own shares

In accordance with the provisions of the applicable law and the Athens Stock Exchange Regulation and by implementing the decision of its Board of Directors dated 21st December 2017, LAMDA Development S.A. (the "Company") announces that on the 22nd of December 2017 sold five hundred thousand (500,000) Company’s own shares, representing 0.63% of the total number of common registered shares of the Company, for a total amount of 2,750,000.00 €, i.e. 5.50 € per share.

Following the aforementioned transaction, the Company holds 1,866,007 own shares, representing 2.34% of the total number of common registered shares of the Company.