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WARSAW, Poland – December 9, 2008 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that on December 8, 2008 it received 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 24% of the total number of votes at Netia’s General Meeting of Shareholders.

According to the notification, as a result of the settlement on December 4, 2008 of purchases of Netia shares effected on the Warsaw Stock Exchange, as of the latter date Third Avenue Management holds 93,720,763 Netia shares, representing 24.08% of Netia’s share capital and entitling the holder thereof to exercise 93,720,763 votes, which represents 24.08% of the total number of votes at Netia’s General Meeting of Shareholders.

Prior to the above transactions, Third Avenue Management held 92,720,763 Netia shares, which represented 23.82% of Netia’s share capital, and was entitled to 92,720,763 votes, representing 23.82% of the total number of votes at Netia’s General Shareholder Meeting.