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18 December 2008

Disposal of shares in Netia’s subsidiary (disposal of material assets) (72/2008)


WARSAW, Poland – December 18, 2008 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that on December 18, 2008 Netia’s subsidiary Netster Sp. z o.o. with its seat in Łomża (“Netster”) sold to Mr. Maciej Mazur (the “Buyer”) all its 33 shares in the share capital of IQSerwis Sp. z o.o., with its seat in Warsaw (“IQSerwis”), with the total nominal value of PLN 16,500, for the total amount of PLN 25,000 for all these shares. These shares represent 33% of the share capital and confer the right to 33% of the votes at IQSerwis’ meeting of shareholders (the “Shares”).

The disposal of the Shares was made in execution of the share purchase agreement concluded by Netster and the Buyer on December 10, 2008. The gross book value of the Shares disclosed in the financial statements of Netster was PLN 16,500. The Shares constituted Netster’s investment of a long-term nature.

The disposed Shares were classified as material assets, as they represent 33% of the share capital of IQSerwis.

Apart from the contractual relations described in this report, there exist no other ties between Netia and the persons managing or supervising Netia and the Buyer of the aforementioned assets. IQSerwis renders services with respect to the support of sales, outsourcing and telemarketing processes.

The above transaction was an auxiliary element of closing the purchase of 100% shares in Netster by Netia’s subsidiary Connect Systemy Komputerowe Sp. z o.o. (see Netia’s current report No. 64/2008 dated November 21, 2008).