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23 May 2006
Netia acquires shares in its subsidiary
WARSAW, Poland – May 23, 2006 – Netia SA (“Netia”) (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that its subsidiary, InterNetia Sp. z o.o., with its seat in Warsaw (“InterNetia”), has been registered by the relevant Polish court, under KRS number 0000257071.
Netia acquired 100 InterNetia shares (with a par value of PLN 500 per share) constituting 100% of InterNetia share capital and giving Netia 100% of the voting power at InterNetia general meeting of shareholders. Netia financed the transaction from its own capital. The book value of InterNetia in Netia’s accounts amounts to PLN 48.498,33. The acquisition will be treated as a long-term investment.