Response to Hellenic Capital Market Commission
In response to the respective query from the Hellenic Capital Market Commission and following previous announcements with regard to the sale and purchase agreement for 100% of the share capital of "HELLINIKON S.A.” (hereinafter the “Agreement”), LAMDA DEVELOPMENT S.A. (hereinafter the "Company") informs the investing public that, as a result of the Memorandum of Understanding dated 07.06.2016, the payment of the price becomes frontloaded and therefor 51% of it will be paid within a two-year period from the date of transfer of the shares, while the investments will accelerate, in order 80% of them to be completed within a 12 year period, with a simultaneous development of public benefit works of an estimated budget of €1.5 billion.
For the rest parameters of the Agreement, previous announcements of the Company as well as the as of 07.06.2016 Press Release are available to the investing public.