Current reports

WARSAW, Poland – August 1, 2005 – Netia SA (“Netia” or “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that from July 25 until July 29, 2005 the Company acquired 1.440.555 (in words: one million four hundred and forty thousand five hundred and fifty five) 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 1.440.555 (in words: one million four hundred and forty thousand five hundred and fifty five) of votes at the General Shareholders Meeting and constitute 0.37% of the Company’s share capital, status as on August 1, 2005 (see Netia’s press release dated August 1, 2005). The average unit price for shares amounted to PLN 4.44.

 

Since the commencement day of the Program the Company acquired in total 15,690,155 (in words: fifteen million six hundred and ninety thousand one hundred and fifty five) 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 15.690.155 (in words: three thousand five hundred and sixty nine) of votes at the General Shareholders Meeting and constitute 3.98% of the Company’s share capital, status as on August 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).