Announcement of significant developments

 Lamda Development S.A. (the Company), as part of its preparation for the launch of the Hellinikon project, announces that it has reached an agreement on key financing terms for an amount of up to € 880 million (plus financing for the Value Added Tax) with the banks Eurobank Ergasias S.A. and Piraeus S.A..
The Company will inform the investors about the signing on the key financing terms.