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17 March 2005

Registration of the increase of Netia’s share capital


WARSAW, Poland – March 17, 2005 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that on March 16, 2005 the Regional Court in Warsaw registered the increase of Netia’s share capital resulting from the issuance of 5,875,610 of its series “I” shares.
 
Following this issuance and the exercise of the subscription warrants up to March 1, 2005 (see press release dated March 8, 2005), Netia’s issued and outstanding share capital was PLN 378,660,333 and represented 378,660,333 shares, PLN 1 par value per share, with each share entitling one vote at Netia’s general meeting of shareholders.
 
Netia’s series “I” shares were issued in connection with the decision on the early repayment of outstanding obligations resulting from Netia’s arrangement proceedings approved in 2002 (see Netia’s press releases dated November 8, 2004, December 27, 2004 and February 26, 2005).