Announcement

LAMDA Development informs the investing public that on Monday 12/3/2007, following the end of trading on Athens Exchange, it will announce its Financial Results for Year 2007 on the Company’s website (www.lamda-development.net) as well as on Athens Exchange website (www.ase.gr). The announcement will be followed by a teleconference. The results will be published in the press on Tuesday13/3/2007.