TRADING OF NEW SHARES RESULTED FROM THE SHARE CAPITAL INCREASE DUE TO THE EXERCISE OF STOCK OPTION RIGHTS

LAMDA Development S.A. announces that on Friday 23 January 2015, 15,311 new common registered shares of the Company will commence trading on the Athens Exchange. These shares were issued in accordance with the recent share capital increase of euro 4,593.30 due to the exercise of stock option rights by members of the Board of Directors and Company employees and its subsidiaries, in the sense of article 42e of L.2190/1920 for totally 3 beneficiaries, at the exercise price of 2.3 euro for 15,311 common shares of the Company, of a nominal value of euro 0.30 each, in accordance with the resolutions of the Annual General Meetings of the Shareholders dated 23.06.2006 and 20.05.2010 and the resolution of the Board of Directors dated 1.11.2010.

The abovementioned share capital increase, which does not constitute an amendment of the Articles of Association of the Company, was verified by the Board of Directors of the Company on 16.12.2014 and thereafter registered in GEMI by decision 287196/24.12.2014 of the Ministry of Development and Competitiveness. The Stock Markets Steering Committee of the Athens Stock Exchange in its meeting held on 16/1/2015 approved the admission to trading of the above 15,311 new common registered shares of the Company.

By decision of the Company, Friday 23 January 2015 is set out to be commencement date for the trading of the abovementioned new shares on the Athens Exchange. As from the above date, the opening trading price of the shares in the Athens Exchange shall be determined according to the Athens Exchange’s Rulebook and Decision 26 of the Athens Exchange Board of Directors and the new shares shall have been credited in the share accounts and the securities accounts of the beneficiary shareholders in the Dematerialized Securities System (D.S.S.).

For further information, the shareholders may resort to the relevant document of Law 3401/2005, which is available as a hardcopy copy at the Company's offices at 37A Kifissias Ave, 151 23 Maroussi as well as in electronic form on LAMDA Development's website (www.lamdadev.com) and on Athens Exchange’s (www.helex.gr) or contact the Company’s Shareholder’s Service (210 7450600) during working hours.