Announcement regarding press articles
In response to the letter of the Athens Exchange dated 2/5/2006 regarding recent publications from the financial press which refer to:
a) investments in cooperation with Global Emerging Property Fund in Sofia, and
b) participation of foreign investors at the commercial and leisure center, The Mall Athens, we hereby state that:
a) according to LAMDA Developments strategic development in Southeastern Europe, the Company has been in the process of discussions for new investments, but no agreement has been concluded yet. In case such agreement is concluded the Company will announce it in accordance to the relevant regulations, and
b) even though there is great interest from foreign investors for The Mall Athens, no binding agreement has been concluded for the transfer of any percentage holding in the shopping center. In the case that such an important agreement is concluded, the Company will announce it in accordance to the relevant regulations.