Current reports

WARSAW, Poland – June 27, 2005 – Netia SA (“Netia” or “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that from June 20 till June 24, 2005 the Company acquired 1,198,948 (in words: one million one hundred and ninety eight thousand nine hundred and forty eight) of its own shares at the nominal value of PLN 1 PLN each. The Company’s shares purchased within the above referred term give in total 1,198,948 (in words: one million one hundred and ninety eight thousand nine hundred and forty eight) of votes at the General Shareholders Meeting and constitute 0.30% of the Company’s share capital, status as on June 1, 2005 (see Netia’s press release dated June 6, 2005). The average unit price for shares amounted to PLN 4.00.

 

Since the commencement day of the Program the Company acquired in total 7,419,675 (in words: seven million four hundred and nineteen thousand six hundred and seventy five) of own shares and 3,569 (in words: three thousand five hundred and sixty nine) subscription warrants. The Company’s shares purchased from the day of the Programme commencement give in total 7,419,675 (in words: seven million four hundred and nineteen thousand six hundred and seventy five) of votes at the General Shareholders Meeting and constitute 1.88% of the Company’s share capital, status as on June 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 purchase 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).