Roadshow to Europe

LAMDA Development S.A. informs the investors that its Management will conduct presentations to foreign investors in order to analyze the company’s goals and strategy.

The scheduled presentations will take place on:

- Wednesday 25/10/2006 in Frankfurt

- Thursday 26/10/2006 in Brussels

- Friday 27/10/2006 in Milan

The presentation is on the web page www.lamdadev.com of the Company and on the Athens Exchange website.