LAMDA Hellix enters a new collaboration with IXEurope, in light of the ATHENS 2004 Olympic Games

Monday, May 24, 2004

PRESS RELEASE

LAMDA Hellix enters a new collaboration with IXEurope, in light of the ATHENS 2004 Olympic Games

LAMDA Hellix, a subsidiary of LAMDA Development in the “Wired Real Estate” sector, announced today a collaboration agreement with IXEurope. The new agreement will enable LAMDA Hellix to service its customers in major European cities, to access IXEurope’s significant clientele that includes major multinational corporations, to co-operate in the development of new services and to exchange know-how.

LAMDA Hellix is the first and most successful Neutral Mission Critical Facility operator in Greece. LAMDA Hellix develops and operates specialized Mission Critical Facilities and is providing outsourcing services including data centre, disaster recovery, point of presence, switching centre etc. to large private and public organizations and service providers in Greece and Southeastern Europe. LAMDA Hellix enables organizations with mission critical applications, whether IT or Telecommunications, to increase the security and the availability of their systems, reduce all associated risks and operating costs while maintaining their autonomy and independence.

IXEurope is the leading specialist DataCentre services and hosting company in Europe since it has developed and is operating more than 35.000 sqms of state-of-the-art Mission Critical Facilities over in key European cities including London, Paris, Nice, Geneva, Zurich, Frankfurt and Dusseldorf. In addition, IXEurope is the first collocation provider in Europe to be ISO 9001:2000 quality assured and through its nine operational sites, provides its services to more than 300 customers including: MCI, France Telecom, Swisscom, COLT, HP, Google, Morse and Rackspace. IXEurope is a private company and its main shareholders include Bank of America and European Acquisition Capital.

Apostolos Kakkos, CEO, LAMDA Hellix, commented on the agreement: “Our collaboration with IXEurope, leading collocation provider in Europe, is a confirmation of the quality of the infrastructure and the services of LAMDA Hellix.. In addition, it enables us to service our clients in major European cities and further advance our development plans.”

Guy Willner, CEO, IXEurope, said: “Being part of the LAMDA Development group of companies, LAMDA Hellix is a well-financed and dynamic provider of collocation services in Southeastern Europe. Our collaboration with LAMDA Hellix will enable us to service our clients in the area, in light of the ATHENS 2004 Olympic Games and beyond.

LAMDA Hellix

LAMDA Hellix, a new subsidiary company of LAMDA Development in the 'wired real estate' sector, is the first and most successful Neutral Mission Critical Facility operator in Greece. LAMDA Hellix develops and operates specialized Mission Critical Facilities and is providing outsourcing services including data centre, disaster recovery, point of presence, switching centre etc. to large private and public organizations and service providers in Greece and Southeastern Europe. LAMDA Hellix enables organizations with mission critical applications, whether IT or Telecommunications, to increase the security and the availability of their systems, reduce all associated risks and operating costs while maintaining their autonomy and independence.

LAMDA Development

LAMDA Development S.A., listed on the main market of the Athens Stock Exchange, is a holding company investing in the development of land, sea and air infrastructure. Combining a strong entrepreneurial drive, specialist international expertise, expert management, powerful strategic allies (Deutsche Bank, EFG Bank Group, Hochtief, Bilfinger Berger, Strabag, Swissport International, Sonae Imobiliaria) and with the business credibility and financial strength of the Latsis Group, LAMDA Development shapes and connects the business areas it is active in, creating growth, reaping synergies and providing value to both its clients and shareholders.

The LAMDA Development group of companies offers its clients integrated business solutions and high quality services and products at competitive prices. Its focus on complementary infrastructure sectors extends to real estate, marinas and yacht maintenance and refurbishment as well as airport services. At the forefront of exploiting numerous opportunities arising from regional developments, such as industry deregulation, Greece’s entry into the Euro Zone with the adoption of the Euro, and the preparation for the Athens 2004 Olympic Games, the LAMDA Development group of companies is leveraging its presence in Greece and neighbouring countries to play a leading role in the modernization and development of Southeastern Europe.

For more information, please contact CIVITAS:

Nectaria Metrakou: +30 210 6835404; [email protected]
Elpida Tachmitzaki: +30 210 6852400, ext. 226; [email protected]