Announcement of other developments

Following a relevant statement by the Minister of Finance and in order for investors to be correctly and validly informed, LAMDA Development S.A. (the “Company”) announces that the agreement, which will permit the partition of the Hellinikon – Agios Kosmas Metropolitan Hub, within the framework of the provisions under article 2.2(iv)(a) of the Share Sale and Purchase Agreement for the acquisition of 100% of the shares of Hellinikon S.A., has been finalized.

 

In particular, the diagram by which the Investor shall acquire full ownership rights over an area corresponding to 30% of the area of the Former Airport and over an area corresponding to 30% of the area of the Coastal Zone (excluding the beach and shore), once the partition has been concluded, has been agreed.

As provided by the relevant legislation, the Company shall promptly inform investors and the supervisory authorities about any further development on this issue. 


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