Current reports

WARSAW, Poland – September 5, 2005 – Netia SA (“Netia” or “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that from August 29 until September 2, 2005 the Company acquired 1,052,264 (in words: one million and fifty two thousand two hundred and sixty four) of its own shares at the nominal value of PLN 1 each. The Company’s shares purchased within the above referred term give in total 1,052,264 (in words: one million and fifty two thousand two hundred and sixty four) of votes at the General Shareholders Meeting and constitute 0.27 % of the Company’s share capital, status as on September 1, 2005 (see Netia’s press release dated September 1, 2005). The average unit price for shares amounted to PLN 4.63.

 

Since the commencement day of the Program the Company acquired in total 23,864,492 (in words: twenty three million eight hundred and sixty four thousand four hundred and ninety two) of own shares and 3,569 (in words: three thousand five hundred and sixty nine) of subscription warrants. The Company’s shares purchased from the day of the Programme commencement give in total  23,864,492 (in words: twenty three million eight hundred and sixty four thousand four hundred and ninety two) of votes at the General Shareholders Meeting and constitute 6.05% of the Company’s share capital, status as on September 1, 2005.

 

The Company has been acquiring its own shares and subscription warrants based on the buy-back programme of the Company’s shares and subscription warrants started on May 9, 2005 (”Program”) for the purpose of their redemption and the decrease of the Company’s share capital. The Program was adopted by the Annual General Shareholders Meeting on March 17, 2005 (see Netia’s press releases dated March 17, 2005 and April 22, 2005).