Lamda Development prepares new bond issuance

Specifically, according to the announcement, the company’s Board of Directors has resolved to issue a common bond loan of up to €350 million, with a minimum amount of €330 million, with a seven-year maturity. The issuance will be carried out through a public offering to retail and institutional investors in Greece, and the bonds will be admitted to trading on the Fixed Income Securities Segment of the Regulated Market of Euronext Athens.

In addition, the Board approved the early repayment of the entire outstanding balance of the common bond loan issued on 6 July 2020, amounting to €320 million, subject to the successful issuance of the new listed bond. The proceeds of the new issuance will be used to refinance the 2020 bonds, which mature on 21 July 2026, marking the end of the 12th interest period.

In the event that the new bond issuance is not completed, the issuer will not exercise its right of early repayment of the 2020 bonds.

To date, Lamda has carried out three bond issuances. The first was the aforementioned 2020 issue, followed by a seven-year €230 million “green” bond in the summer of 2022, which was redeemed early in the summer of 2025. More recently, in November 2025, the company issued a new seven-year common bond loan of €500 million with a yield of 3.8%.

Announcement

LAMDA Development S.A. (the “Company”), in accordance with Law 3556/2007 and Regulation (EU) 596/2014, announces that its Board of Directors, at its meeting on 22 May 2026, resolved to issue a common bond loan of up to €350 million, with a minimum amount of €330 million and a duration of seven (7) years, pursuant to the provisions of Law 4548/2018 (the “Bond Loan”). The bonds (the “Bonds”) will be offered through a public offering to the investing public in Greece (the “Public Offering”) and will be admitted to trading on the Fixed Income Securities Segment of the Regulated Market of Euronext Athens.

Further information regarding the Company, the terms of the Bond Loan, and the Public Offering will be included in the bond programme and in the prospectus prepared 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 investing public will be informed of its approval by the Hellenic Capital Market Commission and its availability through a subsequent announcement.

The timetable for the issuance of the Bond Loan and the Public Offering will be determined in due course, depending on prevailing conditions in the capital markets. The Company will continue to inform the investing public, in accordance with applicable legislation, through further announcements.

Subject to the successful issuance of the Bonds, the Company intends to use the proceeds, among other purposes, for the full repayment of its listed common bond loan issued on 6 July 2020, with principal amount of €320 million.