Announcement of regulated information according to Law 3556/2007

LAMDA Development S.A. (hereinafter “the Company”) in accordance with the provisions of Laws 3556/2007 and 3340/2005, as well as the Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission and after relevant notification, announces that Consolidated Lamda Holdings S.A. (hereinafter “CLH”) on 2 July, 2014 sold 4,441,235 Company’s registered common shares with voting rights for a consideration of € 20,207,619.25 along with the respective 4,441,235 Company’s pre-emption rights to the Share Capital Increase for an additional consideration of € 1,332,370.50.

It is noted, that CLH is pursuant to the provisions of Law 3340/2005, a related legal entity with Mr. Peter Kalantzis who is Chairman and non executive member of the Company’s Board of Directors as well as Mr Photios Antonatos, non executive member of the Company’s Board of Directors.