COSMOTE MOBILE TELECOMMUNICATIONS S.A. announces that on December 12, 2005 the Albanian Competition Commission imposed a fine to its Albanian subsidiary AMC of 1.4 million euro, on the grounds of allegedly delaying on responding to requests for information. It is AMC's practice to cooperate with the authorities and fully respond to any requests and in this respect, both the decision and the fine itself are not justified. AMC will take all necessary action against the above mentioned decision using its legal rights. In case the respective decision is not annulled, the effect to COSMOTE's full year 2005 consolidated Net Income is estimated to be less than 0.5%.