LAMDA DEVELOPMENT S.A.

Announcement in relation to business developement

LAMDA DEVELOPMENT S.A. in the framework of its existing strategy, in concentrating its activities in the area of ​​shopping centers, as well as the redevelopment of the Hellinikon project, announces the sale of the ownership that its 100% subsidiary LAMDA Estate Development S.A. held in the office building Kronos Business Center in Maroussi, for a total consideration of €6.5 mil.