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WARSAW, Poland – May 15, 2014 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that it received notifications filed on behalf of:

1. Third Avenue Management LLC (the “TAM”) acting as an investment adviser on the basis of an agreement concluded with its clients and entitled to the right to exercise its vote from shares acquired on behalf of these clients and
2. Third Avenue International Value Fund (the “Fund”), one of the funds whose assets are managed by TAM,

on sale of shares of Netia.

According to the notifications:

1.
As a result of block sale transactions effected on the Warsaw Stock Exchange on May 8 and May 9, 2014, which were settled on May 14, 2015, as of May 15, 2014 whereby TM sold on behalf of its clients all shares of Netia under which TAM was entitled to exercise the right of vote on the basis of the agreement with its clients, TAM does not hold any shares in Netia nor holds any voting rights under the Company’s shares, with the exception that:

under art. 406(1) of the Code of Commercial Companies TAM shall have right to exercise voting rights at the ordinary general meeting of the Company convened for May 21, 2014 under 41,954,597 Company shares which constitute approx. 12.06% of the total voting rights in the Company and give the right to 41,954,597 votes in the Company, which constitute approx. 12.06% of the total voting rights in the Company, because these shares were registered by shareholders in accordance with art. 406(3) item 2 of the Code of Commercial Companies to enable participation in the shareholders’ meeting.

Prior to the above transactions, TAM was entitled to exercise the right of vote under 44,106,938 Netia shares, which represented approximately 12.68% of Netia’s share capital and was entitled to 44,106,938 votes, representing approximately 12.68% of the total number of votes at Netia’s General Shareholder Meeting.

Furthermore, TAM notified the Company of the following list of its clients which had heldshares in the Company before the transactions:
1. Manulife Financial Corporation
2. Litman/Gregory Masters’ Select International Fund Masters’ Select Funds Trust
3. Third Avenue Separately Managed Accounts
4. Third Avenue Institutional International Value Fund
5. Third Avenue International Value Fund
6. Third Avenue International Value Fund UCITS

2.
As a result of block sale transactions effected on the Warsaw Stock Exchange on May 8 and May 9, 2014, which were settled on May 14, 2015, as of May 15, 2014 the Third Avenue International Value Fund (“the Fund”) sold 29,371,435 in Netia which constitutes approximately 8,44% of the total number of votes at Netia’s General Shareholder Meeting. Following the sale transaction the Fund does not hold any shares in Netia nor does hold any voting rights under the Company’s shares, with the exception that:

Under art. 406(1) of the Code of Commercial Companies the Fund shall have right to exercise voting rights at the ordinary general meeting of the Company convened for May 21, 2014 under 29,412,806 Company shares (shares held as of record date, i.e. May 5, 2014) which constitute approx. 8.45% of the share capital of the Company and give the right to 29,412,806 votes in the Company, which constitute approx. 8.45% of the total voting rights in the Company, because these shares were registered in accordance with art. 406(3) item 2 of the Code of Commercial Companies to enable participation in the shareholders’ meeting.

Prior to the above transactions, the Fund held 29,371,435 Netia shares, which represented approximately 8.44% of Netia’s share capital and was entitled to 29,371,435 votes, representing approximately 8.44% of the total number of votes at Netia’s General Shareholder Meeting.

The Fund does not have subsidiaries which hold Company shares.