WARSAW, Poland - September 19, 2002 - Netia Holdings S.A. (the "Company") (Nasdaq: NTIAQ/NTIDQ, WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that the Polish court postponed its decision on the approval of the arrangement plan for Netia South Sp. z o.o. ("Netia South"), one of Netia's subsidiaries, adopted unanimously by Netia South's creditors on August 29, 2002. The postponement is due to the necessary completion of an appeal filed by a minority group of Netia's claimholders comprised of SISU, OTA and Triage funds challenging the court's decision excluding them as parties to the Netia South's arrangement proceeding. The lower court based its decision on the fact that these dissenting parties were not creditors of Netia South and were therefore not entitled to participate in Netia South's arrangement proceedings as a party. The date of another hearing for the approval of Netia South's arrangement plan will be set after the completion of this appeal.
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, its Current Report on Form 6-K filed with the Commission on August 9, 2002, its Current Report on Form 6-K filed with the Commission on August 15, 2002 its Current Report on Form 6-K filed with the Commission on August 16, 2002, its Current Report on Form 6-K filed with the Commission on August 28, 2002, its Current Report on Form 6-K filed with the Commission on August 30, 2002 and its Current Report on Form 6-K filed with the Commission on September 16, 2002. The Company undertakes no obligation to publicly update or revise any forward-looking statements
