LAMDA DEVELOPMENT S.A.

New composition of the Board of Directors

LAMDA Development S.A. notifies, that the new Company's Board of Directors, for five years service, following its election and the designation of its independent members by the Annual General Meeting of the Shareholders dated 24th May, 2007, was composed as a body the same date, as follows:
- Apostolos Tamvakakis, Chairman & Chief Executive Officer, executive member.
- Evangelos Chronis, Vice President, non executive member.
- George Papageorgiou, executive member.
- Fotios Antonatos, non executive member.
- Emmanuel Leonard Bussetil, non executive member.
- Peter Kalantzis, non executive member.
- Spiridon Theodoropoulos, independent non executive member.
- Dimitrios Papalexopoulos, independent non executive member.
- George Gerardos, independent non executive member.
- Achilleas Konstantakopoulos, independent non executive member.