The company “LAMDA DEVELOPMENT HOLDING & REAL ESTATE DEVELOPMENT CO. S.A.” (hereinafter the “Company”) announces that its Board of Directors, at a meeting held on 21.11.2019 resolved on the following:

With regard to the Company's share capital increase for the purpose of raising capital up to the amount of Euro 650,000,100 by payment in cash and the issuance of up to 2,166,667,000 new common registered shares, with voting rights, of nominal value Euro 0.30 each (hereinafter the “New Share”) and with pre-emption right in favor of existing shareholders (hereinafter the “SCI”), which was resolved by the Extraordinary General Meeting of the Company's Shareholders dated 10.10.2019 (hereinafter the “Meeting”), and pursuant to relevant authorization by the Meeting to the Company's Board of Directors as to the determination of the subscription price of the New Shares, the Board of Directors set the subscription price of the New Shares at Euro 6.70 each (hereinafter the “Subscription Price”).

Based on the Subscription Price the nominal amount of the SCI shall be equal to the amount of Euro 29.104.482,00 and will be raised through the issuance of 97.014.940 new, common, registered shares, with voting rights, of nominal value of Euro 0.30 each. Any person with a pre-emption right to the SCI, in accordance with those provided for in the Meeting's resolutions, shall be entitled to acquire New Shares at a ratio of 1,216918965991410 New Shares for every one (1) existing share.

The ex-rights date, the time period for the exercise of the pre-emption right and the oversubscription right and the time period for the trading of the pre-emption right in ATHEX, shall be communicated.