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28 April 2005
Completion of the arrangement proceedings of Netia South Sp. z o.o.
WARSAW, Poland – April 28, 2005 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that on April 26, 2005 the Regional Court in Warsaw issued an order on completion of the arrangement proceedings of Netia South Sp. z o.o. (“Netia South”), of which Netia is the legal successor (see Netia’s press release dated December 31, 2003), further to full repayment of receivables provided in the arrangement plan adopted by Netia South and its creditors (see Netia’s press releases dated August 29, 2002 and December 4, 2002)
Arrangement proceedings of Netia South constituted a part of the court arrangement proceedings performed in connection with the financial restructuring of Netia group.