LAMDA DEVELOPMENT S.A.

Announcement

In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. (the Company) announces that following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors' resolution dated May 22, 2008 purchased own shares through the Athens Exchange Member National P&K Securities, as follows:
On July 8, 2008 the Company purchased 5.000 shares, with average cost price 7,92 euro per share and total purchase price euro 39.620,00.
On July 9, 2008 the Company purchased 5.806 shares, with average cost price euro 8,05 per share and total purchase price euro 46.730,18.
On July 10, 2008 the Company purchased 3.027 shares, with average cost price euro 8,01 per share and total purchase price euro 24.248,94.
On July 11, 2008 the Company purchased 4.000 shares, with average cost price euro 8,04 per share and total purchase price euro 32.160,00.
On July 14, 2008 the Company purchased 1.500 shares, with average cost price euro 8,00 per share and total purchase price euro 12.002,80.