Sale Agreement for Ilida Business Center

Following the 28/12/2006 announcement, LAMDA Development informs the investing public that the sale and transfer agreement, among LAMDA Olympia Village S.A subsidiary of LAMDA Development S.A., EFG Eurobank Ergasias Leasing S.A. and Blue Land S.A. (Theodore and Gianna Aggelopoulou interests), was signed today, for the office complex Ilida Business Center, which is located in Maroussi.

The agreed price of the transfer is € 40,8 million.