LAMDA Development S.A. (hereinafter the “Company”) in accordance with the provisions of Laws 3556/2007 and 3340/2005, as well as the Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, and after relevant notifications submitted, announces that on the 26^th of June, 2015:

-  the legal entity under the name GSO Special Situations Master Fund (Luxembourg) S.à r.l. acquired 41,714 of the Company's registered common shares with voting rights of total amount Euro 166,788.38

-  the legal entity under the name GSO Aiquille des Grands Montets (Luxembourg) S.à r.l. acquired 8,648 of the Company's registered common shares with voting rights of total amount Euro 34,578.05

-          the legal entity under the name GSO Palmetto Opportunistic Investment  (Luxembourg) S.à r.l. acquired 2,921 of the Company's registered common shares with voting rights of total amount Euro 11,679.31

-  the legal entity under the name GSO Oasis Credit (Luxembourg) S.à r.l. acquired 1,846 of the Company's registered common shares with voting rights of total amount Euro 7,380.96

- the legal entity under the name GSO Cactus Credit Opportunities (Luxembourg) S.à r.l. acquired 1,572 of the Company's registered common shares with voting rights of total amount Euro 6,285.43

-  the legal entity under the name επωνυμία GSO Coastline Credit (Luxembourg) S.à r.l. acquired 724 of the Company's registered common shares with voting rights of total amount Euro 2,894.80

- the legal entity under the name επωνυμία GSO Credit A (Luxembourg) S.à r.l.  acquired 2,575 of the Company's registered common shares with voting rights of total amount Euro 10,295.77

The abovementioned legal entities are, pursuant to the provisions of Law 3340/2005, legal entities closely related to Mr. Akshay Shah, son of Ashok, who attends the meetings of the Company's Board of Directors as an observer on behalf of the Investment Funds managed by GSO Capital Partners L.P..