LONDON -- The Directors of Consolidated Communications Corporation plc ("3C plc"), the Russian and Central European telecommunications and internet services provider, today announced its results for the six months ended 30th June 2005. 3C plc's shares are traded on OFEX under the symbol: "CCC".

Chairman's Statement

The Directors are pleased to announce the unaudited trading results for the six months ended 30th June 2005. Group revenue for the period was £3,359,129 and gross profit was £944,463. The comparable period last year produced revenue of £4,024,407 and gross profit of £1,007,372. The gross profit percentage therefore improved from 25.03% to 28.12% between the two periods. The reduction in revenue is largely a reflection of the recent announcement to relocate the wholesale operation from Moscow to London where it is better able to address the needs of our key wholesale customers.

Administrative expenses fell by 8% to £1,531,974 compared to the prior period. This reflects the continuing policy of reducing costs The first of the many new services planned to be launched in the coming months was announced on 21st June 2005, with 3C Hungary launching Carrier pre-select enabling it to target more effectively Hungary's burgeoning SME market.

The Company has sought to improve the flow of information to shareholders and has made seventeen OFEX announcements so far during 2005. Highlights from these announcements (which can be accessed on the OFEX website and the Company website (www.3cplc.com) are as follows;

These announcements demonstrate how the Company is gearing up for a new period of targeted activity and growth across all of its geographic markets and operating companies.

Consolidated Communications Corp. (3C) plc