Announcement

The Αnnual Presentation to Analysts and Institutional Investors regarding the Company’s financial results of fiscal year 2006 took place today 15/3/2007 at the Association of Greek Institutional Investors. LAMDA Development’s management presented all pertinent information regarding the financial results and performance for 2006 and the company’s positive outlook and strategy for the coming years, as stated at the press release which was issued on 12/3/2007.

The presentation is on the company’s web site (www.lamda-development.net) and on the web site of Athens Exchange.