LAMDA DEVELOPMENT S.A.

Notification about a significant change in the number of voting rights (Law 3556/2007)

LAMDA Development Holding and Real Estate Development Company (LAMDA Development S.A.) informs the investors that, in implementation of the share buy back program approved by the Annual General Meeting of the Shareholders dated 22/5/2008, on 13/3/2009 it purchased 29.881 common registered shares with a voting right of LAMDA Development S.A..
Following the abovementioned transaction, LAMDA Development S.A. holds directly 2.226.631 common registered shares with a voting right, that is 5,06% of its share capital (from 2.196.750 common registered shares with a voting right, that is 4,99% of its share capital before the transaction).