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17 December 2005

Information regarding the sale of Netia’s shares


WARSAW, Poland – December 17, 2005 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that on December 16, 2005 it received from a proxy of Nicholas Cournoyer and Montpelier Asset Management Limited (“Montpelier”), as well as funds managed and advised by Montpelier and Nicholas Cournoyer, a notification filed on behalf of Nicholas Cournoyer and Montpelier Asset Management Limited (“Montpelier”), as well as funds managed and advised by Montpelier and Nicholas Cournoyer, informing about the transactions executed by those entities. Nicholas Cournoyer is the chairman of the Company’s Supervisory Board.
 
An entity controlled by Montpelier and Nicholas Cournoyer sold on the regulated market on the Warsaw Stock Exchange: (i) 266,147 ordinary bearer shares of the Company at the price per share of PLN 5.8170 on December 12, 2005; (ii) 116,615 ordinary bearer shares of the Company at the price per share of PLN 5.80 on December 13, 2005.
 
An entity controlled by Montpelier and Nicholas Cournoyer sold on the regulated market on the Warsaw Stock Exchange: (i) 761,827 ordinary bearer shares of the Company at the price per share of PLN 5.8776 on December 9, 2005; (ii) 851,853 ordinary bearer shares at the price per share of PLN 5.8170 on December 12, 2005; (iii) 2,091,348 ordinary bearer shares of the Company at the price per share of PLN 5.80 on December 13, 2005.
 
An entity controlled by Montpelier and Nicholas Cournoyer sold on the regulated market on the Warsaw Stock Exchange 145,000 ordinary bearer shares of the Company at the total price per share of PLN 5.80 on December 13, 2005.
 
An entity controlled by Montpelier and Nicholas Cournoyer sold on the regulated market on the Warsaw Stock Exchange: (i) 2,025,000 ordinary bearer shares of the Company at the price per share of PLN 5.80 on December 14, 2005; (ii) 110,032 ordinary bearer shares of the Company at the price per share of PLN 5.8046 on December 15, 2005.
 
An entity controlled by Montpelier and Nicholas Cournoyer sold on the regulated market on the Warsaw Stock Exchange: (i) 1,324,556 ordinary bearer shares of the Company at the price per share of PLN 5.8776 on December 9, 2005; (ii) 1,032,000 ordinary bearer shares of the Company at the price per share of 5.8170 on December 12, 2005; (iii) 2,533,620 ordinary bearer shares of the Company at the price per share of PLN 5.80 on December 13, 2005; (iv) 2,475,000 ordinary bearer shares of the Company at the price per share of PLN 5.80 on December 14, 2005.