Current reports

WARSAW, Poland – July 11, 2005 – Netia SA (“Netia” or “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that from July 4 till July 8, 2005 the Company acquired 1,373,770 (in words: one million three hundred and seventy three thousand seven hundred and seventy) 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 1,373,770 (in words: one million three hundred and seventy three thousand seven hundred and seventy) of votes at the General Shareholders Meeting and constitute 0.35% of the Company’s share capital, status as on July 1, 2005 (see Netia’s press release dated July 4, 2005). The average unit price for shares amounted to PLN 4,27.

 

Since the commencement day of the Program the Company acquired in total 9,943,173 (in words: nine million nine hundred and forty three thousand one hundred and seventy three) 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 9,943,173 (in words: nine million nine hundred and forty three thousand one hundred and seventy three) of votes at the General Shareholders Meeting and constitute 2.52% of the Company’s share capital, status as on July 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).