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Lamda Development: Own Shares Purchase

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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. ("the Company") announces that following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors resolution dated May 22, 2008 purchased own shares through the Athens Exchange Member National P&K Securities, as follows:
On June 18, 2008 the Company purchased 3.600 shares, with average cost price euro 8,78 per share and total purchase price euro 31.613,00
On June 19, 2008 the Company purchased 3.020 shares, with average cost price euro 8,86 per share and total purchase price euro 26.753,60
On June 20, 2008 the Company purchased 3.800 shares, with average cost price euro 8,80 per share and total purchase price euro 33.432,00.
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