Current reports

WARSAW, Poland – May 23, 2005 – Netia SA (“Netia” or “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that from May 16 till May 20, 2005 the Company acquired 1,205,720 (in words: one million two hundred and five thousand seven hundred and twenty) of its own shares at the nominal value of PLN 1 PLN. The Company’s shares purchased within the above referred term give in total 1,205,720 (in words: one million two hundred and five thousand seven hundred and twenty) of votes at the General Shareholders Meeting and constitute 0.31% of the Company’s share capital, status as on May 4, 2005 (see Netia’s press release dated May 5, 2005). The average unit price for shares amounted to PLN 3.82.

 

Since the commencement day of the Program the Company acquired in total 2,341,041 (in words: two million three hundred and forty one thousand forty one) of own shares and 1,521 (in words: one thousand five hundred and twenty one) subscription warrants. The Company’s shares purchased from the day of the Programme commencement give in total 2,341,041 (in words: two million three hundred and forty one thousand forty one) of votes at the General Shareholders Meeting and constitute 0,60% of the Company’s share capital, status as on May 4, 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).

 

 

THIS REPORT IS COMPLIANT TO PRINCIPLES ON INFORMING OF THE PROGRAMME EXECUTION ADOPTED BY THE COMPANY BASED ON THE DECISION OF THE SECURITIES AND STOCK EXCHANGE COMMISSION DATED MARCH 29, 2005 (DIA/S/023/07/1012/2005).