Announcement of the results of the share capital increase with pre-emption rights in favour of existing shareholders after the end of the withdrawal period

LAMDA DEVELOPMENT S.A. informs its shareholders that after the end of the period for the withdrawal of investors from the SCI due to the publication of the Prospectus Supplement, the share capital increase through payment in cash with pre-emption right in favour of existing shareholders amounting to €149,999,997.25 (hereinafter the “SCI”) through the issuance and disposal of 35,294,117 new common registered shares (hereinafter the “New Shares”), of nominal value €0.30 each and subscription price €4.25 each, which was resolved by the General Meeting of its Shareholders on 29.04.2014 (hereinafter the “Meeting”) and was specified by the Board of Directors of the Company on 18.06.2014, was subscribed by means of exercise of the pre-emption rights of shareholders and over-subscription rights by 1.1977 times with the payment of the aggregate amount of €179,661,359.25.

In particular, 940 shareholders participated in the SCI, who exercised in full their pre-emption rights from 27.06.2014 to 11.07.2014, by paying the aggregate amount of €148,923,264.00, which corresponds to 35,040,768 New Shares, i.e. initial subscription rate of the SCI reaching 99.28%. In addition, 153 shareholders exercised in full the over-subscription right by paying the aggregate amount of €30,738,095.25, which corresponds to demand for 7,232,493 New Shares, resulting thus to the over-subscription of the SCI by 1.1977 times. The major shareholder Consolidated Lamda Holdings S.A. exercised in full its pre-emption rights and participated in the SCI in accordance with its declaration towards the Meeting. Furthermore, it is noted that during the withdrawal period, i.e. from 16.07-17.07.2014, no investor withdrew and therefore the results of the SCI subscription do not differ.

The Board of Directors held a meeting on 17.07.2014 with the intention to allocate pro rata the aforementioned shares to those who exercised the over-subscription right, as well as the certification of the SCI.

Investors will be informed on the date of commencement of the trading of the New Shares with a new announcement of the Company.