“LAMDA DEVELOPMENT S.A. – HOLDING AND REAL ESTATE DEVELOPMENT COMPANY”

Co Reg. No 3039/06/Β/86/28

I N V I T A T I O N

TO THE EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS

In accordance with the Companies Law 2190/1920 “Re: Societes Anonymes” and article 21 of the Articles of Association, the Board of Directors of the company “LAMDA DEVELOPMENT S.A. – HOLDING AND REAL ESTATE DEVELOPMENT COMPANY” invites the Shareholders to an Extraordinary General Meeting, on Friday, 30 January 2009, at 13.00’ in Athens, at the Hotel “Stratos Vassilikos” (114, Michalakopoulou street, Ilissia, Athens), in order to discuss and decide upon the following items of the Agenda:

AGENDA

1. Relocation of Company’s head offices and modification of corresponding article of the Articles of Association.
2. Various items and announcements.

Τhe Shareholders willing to participate and vote in the General Meeting, in person or by proxy, should block the total or part of their shares through their Operator in the Dematerialized Securities System (D.S.S.) or the Hellenic Exchanges S.A., if the shares are registered in the special account, and submit the relevant Certificate of the Blocking of Shares along with the representation documents, five (5) days prior to the General Meeting, to the Investors Relation Service of the Company, Iolkou 8 & Filikis Etairias, 14234 N. Ionia, tel. 210-3523300, fax. 210-3523600.

The Board of Directors,

January 8, 2009