Acquisition of Own Shares

CORPORATE TRANSACTIONS
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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. (“the Company”) announces that according to Company Law 2190/1920, article 16, par. 5, and following the decision of the Annual General Meeting of the Shareholders of the Company dated May 24, 2007 and the Board of Directors’ resolution dated August 2, 2007 purchased own shares through the Athens Exchange Member National Securities, as follows:

On January 31, 2008 the Company purchased 2.900 shares, with average cost price € 10,59 per share and total purchase price € 30.720,00

On February 1, 2008 the Company purchased 3.266 shares, with average cost price € 10,52 per share and total purchase price € 34.358,40

On February 4, 2008 the Company purchased 4.300 shares, with average cost price € 10,09 per share and total purchase price € 43.383,00

On February 5, 2008 the Company purchased 3.000 shares, with average cost price € 10,50 per share and total purchase price € 31.500,00

On February 6, 2008 the Company purchased 5.300 shares, with average cost price € 10,39 per share and total purchase price € 55.078,00