Notification of change in the composition of the Board of Directors

Maroussi, 26 May 2022

LAMDA Development S.A. (the “Company”), in accordance with Regulation 596/2014/EU and the Athens Exchange Regulation, each as applicable, informs the investing public that the Board of Directors during its meeting on 25.05.2022, accepted the resignation of Mr. Fotios Antonatos, non-executive member of the BoD, and elected Mr. Emmanuel Bussetil as non-executive member of the BoD, for the remainder of the resigned member’s term of office, pursuant to article 82 of Law 4548/2018 and par. 5&8 of article 10 of the Company’s Articles of Association.

Note that the Company intends to announce the election of the new non-executive member of the Board at the upcoming General Shareholders Meeting.

Mr. Emmanuel Bussetil’s brief resume is available on the Company’s website.