Current reports

WARSAW, Poland – June 24, 2009 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that it received a notification from Pioneer Pekao Investment Management SA (“PPIM”) that its ownership of Netia’s shares increased to the level of 10,01% of the total number of votes at Netia’s general meeting of shareholders.

According to the notification, as a result of the purchase of Netia’s shares on June 18, 2009, all PPIM’s clients jointly hold 38,972,507 of Netia’s shares, representing 10.01% of the Netia’s share capital and entitling the holder thereof to exercise 38,972,507 votes, which represents 10.01% of the total number of votes at Netia’s general shareholders’ meeting.

Prior to this transaction, PPIM’s clients held 38,824,810 of Netia’s shares, which represented 9.97% of the Netia’s share capital and entitled to 38,824,810 votes representing 9.97% of the total number of votes in Netia.

Additionally, PPIM informed that further potential investments into Netia stock will be made based on the fundamental analysis of Netia. Any decisions as to the purchase or sale of Netia shares may also be influenced by PPIM’s clients’ future investment and redemption decisions. The investment in Netia aims at the increase of the value of portfolios managed by PPIM.