Lamda Development S.A. — Capital/Financing Update 2026

May 22, 2026

LAMDA
DEVELOPMENT

ANNOUNCEMENT OF THE RESOLUTION OF THE BOARD OF DIRECTORS OF LAMDA DEVELOPMENT S.A. CONCERNING THE ISSUANCE OF A COMMON BOND LOAN

Maroussi, 22 May 2026

LAMDA DEVELOPMENT S.A. (hereinafter the «Company»), in accordance with Law 3556/2007 and Regulation (EU) 596/2014, announces that the Board of Directors of the Company, at its meeting held on 22 May 2026, resolved on the issuance of a common bond loan, amounting up to €350 million with a minimum amount of €330 million and a duration of seven (7) years, in accordance with the provisions of Law 4548/2018 (the «Bond Loan»), the offering of the bonds of the Bond Loan (the «Bonds») to investors in Greece by way of a public offering (the «Public Offering») and the admission of the Bonds to trading on the Fixed Income Securities Segment of the Regulated Market of the Euronext Athens.

Further information on the Company, the terms of the Bond Loan and the Public Offering will be included in the Bond Loan programme and the Prospectus drafted in accordance with Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as well as the applicable provisions of Law 4706/2020, as in force (the «Prospectus»). The investors will be informed on the approval of the Prospectus by the Hellenic Capital Market Commission and its availability to the public via a follow-up announcement.

The timetable of the issuance of the Bond Loan and the Public Offering of the Bonds will be determined in the near future, depending on the prevailing market conditions. The Company will update the investors, in accordance with applicable law, on the issuance of the Bond Loan via follow-up announcements.

Subject to and under condition of the successful issuance of the Bonds, the Company intends to use the proceeds under this Bond Loan, among others, for the complete repayment of its listed common bond loan dated 06 July 2020, of a principal amount of €320 million.

37A Kifisias Avenue (Golden Hall) • 151 23 Maroussi • Tel: 210 7450 600 • Fax: 210 7450 645 • e-mail: IR@lamdadev.com