LAMDA DEVELOPMENT S.A.

Announcement

The Annual Presentation to Analysts and Institutional Investors regarding the Company's financial results of fiscal year 2007 took place today 15/4/2008 at the Association of Greek Institutional Investors. LAMDA Development's management presented all pertinent information regarding the financial results and performance for 2007 and the company's positive outlook and strategy for the coming years, as stated at the press release which was issued on 26/3/2008.
The presentation is on the company's web site ( www.lamda-development.net) and on the web site of Athens Exchange (www.athex.gr).