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30 June 2006
Netia acquires shares of Zachodni – Inwestycyje Telekomunikacyjne Sp. z o.o.
WARSAW, Poland – June 30, 2006 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that Premium Internet SA with its seat in Warsaw, Netia’s subsidiary, acquired on June 29, 2006 through RST El-Net SA, Netia’s subsidiary, from Mirosław Janisiewicz and Piotr Brudnicki 100 shares (50 shares from each person) of Zachodni – Inwestycje Telekomunikacyjne Sp. z o.o. with its seat in Warsaw (“ZIT”) with the total nominal value of PLN 50,000, constituting 100% of shares in ZTI’s share capital and representing 100% votes at its shareholders’ meeting (the “Shares”). The purchase price of the Shares will be ultimately set until January 22, 2007, based on the value of ZIT’s net assets as at 2006 year-end, and will be paid by January 31, 2007. The sellers have received an advance payment in the total amount of PLN 5,320,000.
The value of the transaction does not exceed 10% of Netia’s equity. The transaction will be financed by the Netia group from its own resources.
Netia treats the purchase of the Shares as a long-term investment. Neither Netia nor its managing or supervising persons have relations with ZIT or its managing or supervising persons.