Bulletin
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20 September 2002
Netia signs managerial contracts with CEO and CFO
WARSAW, Poland - September 20, 2002 - Netia Holdings S.A. (the "Company") (Nasdaq: NTIAQ, WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that the Company has signed managerial contracts with Wojciech Mądalski, its new President and CEO, for an indefinite period of time.
In addition, the Company and some of its subsidiaries have extended until December 31, 2003, largely on unchanged terms, the existing managerial contracts with Avraham Hochman, member of the management board and Chief Financial Officer, and consulting agreement with a company controlled by Mr. Hochman.
The terms of these agreements were approved by the Company's supervisory board.
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.