Election of the Chairman of the Audit Committee

LAMDA DEVELOPMENT S.A. (the “Company”) informs the investing public that, following the re-election of the existing Audit Committee, for a three-year term by the Ordinary General Meeting of the Shareholders dated 21.06.2023 and the appointment of its members, the Audit Committee met on the same day and unanimously appointed Mr. Chariton Kyriazis, as its Chairman, in accordance with the provisions of art. 44, par. 1 (e) of Law 4449/2017, as amended by art. 74 of Law 4706/2020 and currently in force, and established itself as follows:

1. Chariton Kyriazis, Chairman of the Audit Committee, Non-Executive Member of the Board of Directors of the Company and Independent within the meaning of article 9 par. 1 & 2 of Law 4706/2020, as currently in force,

2. Ioannis Zafiriou, Member of the Audit Committee, Non-Executive Member of the Board of Directors of the Company and Independent within the meaning of article 9 par. 1 & 2 of Law 4706/2020, as currently in force,

3. Evgenia Paizi, Member of the Audit Committee, Non-Executive Member of the Board of Directors of the Company, and

4. Konstantinos Sfakakis, Member of the Audit Committee, Third Person maintaining no relationship with the Company, Independent within the meaning of article 9 par. 1 & 2 of Law 4706/2020, as currently in force.