Current reports

WARSAW, Poland – February 22, 2008 – 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 based on the agreement dated February 22, 2008, Netia Spółka Akcyjna UMTS S.K.A. (formerly Netia Mobile Sp. z o.o.), Netia’s subsidiary, established additional security in the form of registered and financial pledges on its 702 newly issued shares in P4 Sp. z o.o. (the “P4”), PLN 500 par value per share, registered on January 2, 2008 (468 shares) and February 15, 2008 (234 shares) and representing jointly 1.31% of P4’s share capital. 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 Bank PeKaO SA, legal successor of BPH SA (acting as the Security Agent).
The above mentioned newly issued 702 shares are reflected in the accounts of Netia Spółka Akcyjna UMTS S.K.A. at the total book value of PLN 59.6 million and represent an investment of a long-term nature.
The above shares, along with the shares being pledged based on the earlier agreements, represent all shares of Netia Spółka Akcyjna UMTS S.K.A. in P4.