Announcement L.3556/2007

LAMDA Development S.A. (hereinafter “the Company”) announces, in accordance with the provision of article 14 Law 3556/2007 and following relevant notifications submitted thereto on 9.7.2014, the following:

Seven investment funds, i.e. GSO Special Situations Master Fund (Luxembourg) S.a r.l., GSO Palmetto Opportunistic Investment (Luxembourg) Partners S.a r.l., GSO Credit-A (Luxembourg) Partners S.a r.l., GSO Coastline Credit (Luxembourg) Partners S.a r.l., GSO Aiguille des Grands Montets (Luxembourg) S.a r.l., GSO Cactus Credit Opportunities (Luxembourg) S.a r.l. and GSO Oasis Credit (Luxembourg) Partners S.a r.l., acquired on July 2, 2014 in total 4,441,235 common registered with voting rights shares of the Company, namely 10% of the share capital and the voting rights of the Company. The voting rights of the aforementioned seven investment funds are controlled by GSO Capital Partners LP, in its capacity as manager thereof. GSO Capital Partners L.P. is ultimately controlled by the company The Blackstone Group L.P.

From the aforementioned investment funds, GSO Special Situations Master Fund (Luxembourg) S.a.r.l. acquired on 2 July 2014 2,231,721 common registered with voting rights shares, namely 5.025% of the share capital and the voting rights of the Company.