LAMDA Development's management team strengthenedTop executive on the staff of DIMIOURGIA S.A.

Thursday 11th July 2002

PRESS RELEASE

LAMDA Development’s management team strengthened

Top executive on the staff of DIMIOURGIA S.A.


The Board of Directors of DIMIOURGIA S.A., a subsidiary of LAMDA Development, yesterday announced that the company’s management team was strengthened with the engagement of a top executive, Mr. Alexandros Dimakopoulos, as CEO of the company. Dimiourgia is a subsidiary of the LAMDA Development Group, involved in the development and exploitation of real estate property, specializing in project and construction management, project development and the provision of related services.

Alexandros Dimakopoulos was until recently CEO of the National Land Association (KED) where he acquired extensive experience in managing property and housing programmes which will significantly bolster the management team of DIMIOURGIA S.A. The new Managing Director has also served as Managing Director of the IDEAL Group and Deputy Managing Director of the Hellenic Industrial Development Bank (HIDB) in Greece while also having worked in the United States as Manager of the Regional Office of Camp Dresser & McKee International and as Operations Manager and Director of the Strategic Software Planning Corporation.

Mr. Alexandros Dimakopoulos holds a doctorate in international project construction financing and development as well as postgraduate degrees in business administration, technology & policy and project management from the Massachusetts Institute of Technology (MIT).

On the occasion of Mr. Dimakopoulos taking up his new duties, Mr. L. Anagnostopoulos, CEO of LAMDA Development stated, “As part of the implementation of the investment plans and development of the LAMDA Development Group, bolstering the management of the Group’s subsidiaries with top executives is one of our main priorities. The inclusion of a leading executive from the field of property development and management in the staff of DIMIOURGIA S.A., who combines international experience with modern know-how is the best possible development for the company. We believe that the choice of Mr. Dimakopoulos breathes new life into DIMIOURGIA S.A. and guarantees that a high level of services will be ensured for customers.”

To editors
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