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20 February 2007
Registered pledges on shares in P4 Sp. z o.o.
WARSAW, Poland – February 20, 2007 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced, in connection with its press release dated October 31, 2006, that on February 16, 2007 Netia Mobile Sp. z o.o. (“Netia Mobile”), Netia’s subsidiary, established additional security in the form of registered and financial pledges on its 300 newly issued shares in P4 Sp. z o.o. (the “P4”), PLN 500 par value per share, registered on December 27, 2006 and representing 0.83% of P4’s share capital (the “Shares”). The pledges were established in order to secure the repayment of the EUR 150 million credit facility granted to P4, Netia’s related company, by China Development Bank (acting as the Mandated Lead Arranger) in favor of BPH SA (acting as the Security Agent).
The Shares are reflected in Netia Mobile’s accounts at the total book value of PLN 30 million and represent an investment of a long-term nature. The Shares, together with the remaining shares on which the pledges were established on October 31, 2006, represent all Netia Mobile’s shares in P4.
Netia received the signed document establishing pledges on Shares on February 20, 2007.
The Shares are reflected in Netia Mobile’s accounts at the total book value of PLN 30 million and represent an investment of a long-term nature. The Shares, together with the remaining shares on which the pledges were established on October 31, 2006, represent all Netia Mobile’s shares in P4.
Netia received the signed document establishing pledges on Shares on February 20, 2007.