Bulletin
Information on acquisition of Netia's shares
WARSAW, Poland - October 26, 2006 - Netia SA (“Netia”) (WSE: NET), Poland‘s largest alternative provider of fixed-line telecommunications services, announced that it received today a notification filed on behalf of Third Avenue Management LLC (the “Third Avenue Management”) that ownership of Netia‘s shares, held by Third Avenue Management on behalf of its clients, has increased above the threshold of 16% of the total number of votes at Netia‘s General Meeting of Shareholders.
According to the notification, as a result of the settlement on October 23, 2006 of a purchase of Netia shares effected on the Warsaw Stock Exchange, Third Avenue Management holds 63,770,278 Netia shares, representing 16.39% of Netia‘s share capital and entitling the holder thereof to exercise 63,770,278 votes, which represents 16.39% of the total number of votes at Netia‘s General Meeting of Shareholders.
Prior to this transaction, Third Avenue Management held 63,291,353 Netia shares, which represented 16.26% of Netia‘s share capital, and was entitled to 63,291,353 votes, representing 16.26% of the total number of votes at Netia‘s General Shareholder Meeting.