Announcement

According to article 282 of the Athens Exchange Regulation, LAMDA DEVELOPMENT S.A. notifies that Consolidated Lamda Holdings S.A. shareholder of the Company, on November 10^th, 2006 sold 1.329.000 shares that held and as a result the percentage of the total voting rights decreased to 55,677% from 58,695%, with a respective change of the percentage of the total shares of the Company.