Bulletin
Netia sells its holdings in non-operative telecom companies
WARSAW, Poland – February 13, 2003 – Netia Holdings S.A. (“Netia”) (WSE: NET, NET2), Poland's largest alternative provider of fixed-line telecommunications services, announced today that in connection with the contemplated internal consolidation of the Netia group companies, Netia sold to Fiducia Investment Sp. z o.o. with its seat in Warsaw (the “Purchaser”) the following holdings in certain dormant companies (the “Companies”) pursuant to separate share purchase agreements, all dated February 12, 2003: (i) 200 shares, PLN 100 par value per share, of Telekom Ozarow Mazowiecki Sp. z o.o. with its seat in Warsaw (“Ozarow”), constituting 100% of Ozarow’s share capital and giving 100% of the voting power at Ozarow’s general meeting of shareholders. The total value of the transaction equals PLN 15,000; (ii) 40 shares, PLN 100 par value per share, of Telekom Pomoze Sp z o.o. with its seat in Warsaw (“Pomoze”), constituting 100% of Pomoze’s share capital and giving 100% of the voting power at Pomoze’s general meeting of shareholders. The total value of the transaction equals PLN 100; (iii) 20 shares, PLN 200 par value per share, of Tedec Sp. z o.o. with its seat in Warsaw (“Tedec”), constituting 100% of Tedec’s share capital and giving 100% of the voting power at Tedec’s general meeting of shareholders. The total value of the transaction equals PLN 100; and (iv) 40 shares, PLN 100 par value per share, of Telekom Zamosc Sp z o.o. with its seat in Warsaw (“Zamosc”), constituting 100% of Zamosc’s share capital and giving 100% of the voting power at Zamosc’s general meeting of shareholders. The total value of the transaction equals PLN 100. None of the Companies conducted any telecommunications activities and neither Netia nor any of its affiliates is connected in any way with the Purchaser.
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 Netia'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, its Current Report on Form 6-K filed with the Commission on September 16, 2002, its Current Report on Form 6-K filed with the Commission on September 20, 2002, its Current Report on Form 6-K filed with the Commission on September 24, 2002, its Current Report on Form 6-K filed with the Commission on October 1, 2002, its Current Report on Form 6-K filed with the Commission on October 15, 2002, its Current Report on Form 6-K filed with the Commission on October 17, 2002, its Current Report on Form 6-K filed with the Commission on October 22, 2002, its Current Report on Form 6-K filed with the Commission on October 25, 2002, its Current Report on Form 6-K filed with the Commission on November 5, 2002, its Current Report on Form 6-K filed with the Commission on November 5, 2002, its Current Report on Form 6-K filed with the Commission on November 6, 2002, its Current Report on Form 6-K filed with the Commission on November 18, 2002 , its Current Report on Form 6-K filed with the Commission on November 21, 2002, its Current Reports on Form 6-K filed with the Commission on December 3, 2002, its Current Reports on Form 6-K filed with the Commission on December 10, 2002, its Current Report on Form 6-K filed with the Commission on December 23, 2002, its Current Report on Form 6-K filed with the Commission on January 8, 2003, its Current Report on Form 6-K filed with the Commission on January 16, 2003, its Current Report on Form 6-K filed with the Commission on January 29, 2003 and its Current Report on Form 6-K filed with the Commission on February 3, 2003. Netia undertakes no obligation to publicly update or revise any forward-looking statements.