LAMDA Development S.A. announces the following:

A. The Annual General Meeting of the Shareholders dated the 25^th June, 2019 approved the acquisition of own shares through the Athens Exchange, in accordance with the provisions of articles 49 & 50 of L.4548/2018, under the following conditions:

The Company is provided with the right to acquire own shares within a period of up to 24 months, that is until 25.06.2021.

The maximum number of own shares to be acquired during the abovementioned period will not exceed the 10% of the total paid share capital throughout this period, for the calculation of which the already purchased own shares shall be taken into account.

The acquisition of own shares will take place at a maximum acquisition price of 12.00 euros per share and a minimum acquisition price equal to the nominal value price of each share, i.e. 0.30 euros.

The Board of Directors was authorized to determine the specific terms and details for the implementation of the program.

B. Further to the above resolution, the Board of Directors decided, on  the 25^th,  June 2019, that the Company may purchase own shares during the period from 26.06.2019 until 25.06.2021.