Current reports

WARSAW, Poland - August 9, 2002 - Netia Holdings S.A. (Nasdaq: NTIAQ/NTIDQ, WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, announced today that the District Court for the City of Warsaw today approved the arrangement plan that was previously adopted by the requisite majority of Netia Holdings S.A.'s creditors.

Kjell-Ove Blom, Netia's Acting President, remarked, "This is another milestone in Netia's restructuring as set out in the restructuring plan agreed between the Company and a majority of its creditors. We look forward to continuing the restructuring process and moving towards a successful conclusion."


Some of the information contained in this news release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. For a more detailed description of these risks and factors, please see the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F filed with the Commission on March 28, 2002, its Current Report on Form 6-K filed with the Commission on April 3, 2002, its Current Reports on Forms 6-K filed with the Commission on May 6, 2002, its Current Report on Form 6-K filed with the Commission on May 7, 2002, its Current Report on Form 6-K filed with the Commission on May 20, 2002, its Current Report on Form 6-K filed with the Commission on May 24, 2002, its Current Report on Form 6-K filed with the Commission on June 28, 2002, its Current Report on Form 6-K filed with the Commission on July 2, 2002, its Current Report on Form 6-K filed with the Commission on July 31, 2002, its Current Report on Form 6-K filed with the Commission on August 2, 2002, its Current Reports on Form 6-K filed with the Commission on August 6, 2002, and its Current Report on Form 6-K filed with the Commission on August 8, 2002. The Company undertakes no obligation to publicly update or revise any forward-looking statements.