LAMDA Development S.A. (the Company) announces, in accordance with the Athens Exchange Regulation, Law 3556/2007 and Regulation 596/2014/EU, each as applicable that, pursuant to the TR1 notifications dated 28 and 29 July 2020 that the Company received from the Company's shareholder “Consolidated Lamda Holdings S.A.” (CLH), the total shareholding interest of CLH in the Company's share capital and voting rights fell from 50.62% to 45.58%, initially, and eventually to 42.20%, following consecutive transactions that took place on 24 and 27 July 2020. It is also further noted in the 29 July 2020 notifications that The voting rights of Consolidated Lamda Holdings S.A. are all indirectly held by members of the Latsis family, none of which has or can be considered to have the control of the Company under any of instances of control defined in the provisions of article 3 and 10 of Greek law 3556/2007.