LAMDA DEVELOPMENT S.A.

Announcement

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.lamda-development.net) 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)