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 following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors’ resolution dated May 22, 2008 purchased own shares through the Athens Exchange Member National P&K Securities, as follows:

On May 27, 2008 the Company purchased 11.871 shares, with average cost price € 9,85 per share and total purchase price € 116.954,12

On May 28, 2008 the Company purchased 14.965 shares, with average cost price € 9,92 per share and total purchase price € 148.527,50

On May 29, 2008 the Company purchased 14.000 shares, with average cost price € 9,81 per share and total purchase price € 137.290,00

On May 30, 2008 the Company purchased 20.000 shares, with average cost price € 9,93 per share and total purchase price € 198.530,68

On June 2, 2008 the Company purchased 12.216 shares, with average cost price € 9,84 per share and total purchase price € 120.214,08