COSMOTE announces that the Romanian Competition Council has unconditionally approved the acquisition of a controlling stake in Germanos S.A. regarding its subsidiarιes in Romania, namely Germanos Telecom Romania S.A. and Sunlight Romania Filiala Bucuresti S.R.L. Following this approval, the acquisition of the 42% stake of Germanos S.A. owned by Mr Panos Germanos and other shareholders, has now been approved by all the competent authorities in Greece and abroad (namely Bulgaria, FYROM, Ukraine and Romania). As already announced, the acquisition will be performed by an SPV, and is expected to have been completed by early October 2006. Subsequently the SPV will launch a public tender offer for the acquisition of the remaining shares of Germanos S.A. in accordance with Greek Law and regulations. It is noted that COSMOTE already owns 20.75% of Germanos S.A. outstanding shares.