Constitution of the Audit Committee into a Body and Election of its Chairman

Maroussi, 24 June 2026

LAMDA DEVELOPMENT S.A. (the “Company”) informs the investing public that, further to:

a. the announcement of the resolutions of its Annual General Meeting of Shareholders dated 23.06.2026 and in particular its resolution on item 4, whereby the type, the tenure, the number and the capacity of the members of the new Audit Committee were determined, authorization was granted to the Company’s Board of Directors to elect, by a subsequent resolution, the members of the Audit Committee who will be originated from its members and the re-election of Mr. Konstantinos Sfakakis, third person, independent to the Company, who is not a member of the Board of Directors, as a member of the Audit Committee; and

b. the resolution of the Company’s Board of Directors dated 23.06.2026, pursuant to the authorization granted by the above resolution of the Annual General Meeting of Shareholders, whereby the remaining members of the Audit Committee were re-elected from among the members of the Board of Directors, namely Mr. Chariton Kyriazis, Mr. Ioannis Zafeiriou and Ms. Evgenia Paizi as members of the Audit Committee,

the Audit Committee met on the same day and unanimously elected Mr. Chariton Kyriazis as its Chairman, in accordance with the provisions of art. 44, par. 1 (e) of Law 4449/2017, as currently in force, and was constituted into a body as follows:

1. Chariton Kyriazis, Chairman of the Audit Committee, Non-Executive Member of the Board of Directors of the Company and Independent within the meaning of article 9 par. 1 & 2 of Law 4706/2020, as currently in force,

2. Ioannis Zafiriou, Member of the Audit Committee, Non-Executive Member of the Board of Directors of the Company and Independent within the meaning of article 9 par. 1 & 2 of Law 4706/2020, as currently in force,

3. Evgenia Paizi, Member of the Audit Committee, Non-Executive Member of the Board of Directors of the Company and

4. Konstantinos Sfakakis, Member of the Audit Committee, Third Person maintaining no relationship with the Company, Independent within the meaning of article 9 par. 1 & 2 of Law 4706/2020, as currently in force.