ANNUAL BULLETIN LAMDA DEVELOPMENT S.A.

LAMDA Development S.A. informs the investing public that the Annual Bulletin for the year 2006, which was prepared in accordance with the provisions of Decision 7/372/15.2.2006 of the Hellenic Capital Market Commission, is available from Tuesday 6th May 2008, at the Company’s website (www.lamdadev.com) and the Athens Exchange website (www.athex.gr), as well as in hard copy from the Company’s head office (16 Laodikeias St., Athens 115 28)