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

Jun 9, 2026

ALPHA BANK
NATIONAL BANK OF GREECE
EUROBANK
Piraeus

ANNOUNCEMENT CONCERNING THE RESULTS OF THE PUBLIC OFFERING OF THE BONDS OF

"LAMDA DEVELOPMENT S.A."

"ALPHA BANK S.A.", "NATIONAL BANK OF GREECE S.A.", "EUROBANK S.A." and "PIRAEUS BANK S.A.", in their capacity as Joint Coordinators and Bookrunners of the public offering (hereinafter "Public Offering") for the issue of a common bond loan by the company "LAMDA DEVELOPMENT S.A." (the "Company") and its admission to trading on the Fixed Income Securities Segment of the Regulated Market of the Euronext Athens, announce that, following the completion of the Public Offering on 05.06.2026 and based on the aggregated allocation results produced using the Electronic Book-Building Service of the Euronext Athens, 350,000 dematerialized common registered bonds of the Company with a nominal value of €1,000 each (the "Bonds") were allocated and as a result funds of €350 mil. were raised.

The total valid demand from investors that participated in the Public Offering was €593.46 mil. The broad demand from investors resulted in an oversubscription of the Public Offering by 1.7 times, while the total number of participant investors was 13,652.

The offering price of the Bonds has been set at par, namely at €1,000 per Bond. The final yield and interest rate of the Bonds was set at 4.20% per annum.

The Bonds were allocated based on the valid demand expressed at the yield of 4.20%, as follows:

a) 316,000 Bonds (90.29% of the total number of issued Bonds) to Retail Investors, out of a total number of 419,763 Bonds for which valid offers were submitted (namely, a percentage of 75.28% of the expressed demand in this specific category of investors was satisfied at the specific yield) and
b) 34,000 Bonds (9.71% of the total number of issued Bonds) to Qualified Investors, out of a total number of 173,700 Bonds for which valid offers were submitted (namely, a percentage of 19.57% of the expressed demand in this specific category of investors was satisfied at the specific yield).

Furthermore, out of the 34,000 Bonds that were allocated to Qualified Investors, the Underwriters have received for their own account 16,500 Bonds as follows:

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED TO AND SHALL NOT BE DISTRIBUTED, IN WHOLE OR IN PART, IN ANY COUNTRY WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION OF SUCH INFORMATION IS CONTRARY TO THE APPLICABLE LAWS OR REGULATIONS OR WOULD REQUIRE A LICENSE OR REGISTRATION TO THAT END. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH AN OFFER IS UNLAWFUL.

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ALPHA BANK
NATIONAL BANK OF GREECE
EUROBANK
Piraeus

Underwriter	Allocated Bonds
ALPHA BANK S.A.	5,500
NATIONAL BANK OF GREECE S.A.	5,500
EUROBANK S.A.	2,200
CREDIABANK S.A.	1,100
OPTIMA BANK S.A.	2,200
Total	16,500

According to the underwriting agreement, the Underwriters had no obligation to subscribe for the Bonds.

09.06.2026

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED TO AND SHALL NOT BE DISTRIBUTED, IN WHOLE OR IN PART, IN ANY COUNTRY WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION OF SUCH INFORMATION IS CONTRARY TO THE APPLICABLE LAWS OR REGULATIONS OR WOULD REQUIRE A LICENSE OR REGISTRATION TO THAT END. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH AN OFFER IS UNLAWFUL.