Announcement of regulated information according to Law 3556/2007

LAMDA Development S.A. (hereinafter “the Company”), pursuant to 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, after relevant notification submitted, announces that Avgi Real Estate S.A. acquired on 22.7.2014, 8,199 Company’s registered common shares with voting rights for a consideration of 34,845.75 euros due to its participation in the recent Share Capital Increase of the Company.

Avgi Real Estate S.A. is pursuant to the provisions of Law 3340/2005 a related legal entity with Mr. Ulysses Kyriacopoulos – Independent Non Executive Member of the Company’s Board of Directors.