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06 April 2005
Netia’s series “I” shares admitted to trading on the Warsaw Stock Exchange
WARSAW, Poland – April 6, 2005 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that pursuant to a resolution of the Management Board of the Warsaw Stock Exchange (“WSE”), dated April 6, 2005, 5,875,610 series “I” ordinary bearer shares of Netia with a nominal value of PLN 1 each, assigned by Krajowy Depozyt Papierów Wartościowych w Warszawie SA (National Depository of Securities) with the PLNETIA00170 code, (the “Shares”), were admitted to trading on WSE. The Shares will commence trading on WSE on April 13, 2005, provided that on the same day the Polish National Depository for Securities will assimilate the Shares with the remaining Netia’s shares identified by a code “PLNETIA00014”.
The Shares are being 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 and December 27, 2004).
The Shares are included into Netia's issued and outstanding share capital, which amounted to PLN 387,102,285 as of April 5, 2005 (see Netia's press release dated April 5, 2005).