LAMDA DEVELOPMENT S.A.

Announcement of regulated information according to Law 3556/2007:

LAMDA Development S.A. (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, announces that Consolidated Lamda Holdings S.A. on April 21, 2011, acquired 4.617 Company's registered common shares with total amount of euro 16.189,44.
Consolidated Lamda Holdings S.A. is pursuant to the provisions of Law 3340/2005 a related legal entity with Mr. P. Kalantzis, Chairman non executive member of the Company's Board of Directors and Messrs. F. Antonatos, E.L. Bussetil, who are also non executive members of the Company's Board of Directors.