Bulletin
Additional minority shareholder challenge to Netia shareholder resolutions
WARSAW, Poland - August 14, 2002 - Netia Holdings S.A. (Nasdaq: NTIAQ/NTIDQ, WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that it received on August 13, 2002 a decision of the District Court (S??d Okręgowy) dated July 1, 2002 in which the District Court resolved to forward to the Regional Court for the city of Warsaw (S??d Rejonowy dla m.st. Warszawy) for its determination a claim filed by another minority shareholder requesting the invalidation of a resolution adopted at Netia's April 4, 2002 General Meeting of Shareholders. The Company has not received a copy of the claim and is not aware of its merits. If, however, the claim is based on the grounds of the previous minority shareholder claim received on August 1, 2002, which the Management Board believes unsubstantiated, the Company expects that it will file for this claim's dismissal as well.
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, and 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 9, 2002. The Company undertakes no obligation to publicly update or revise any forward-looking statements.