Current reports

WARSAW, Poland – May 13, 2003 – Netia Holdings S.A. (“Netia” or the “Company”) (WSE: NET, NET2), Poland's largest alternative provider of fixed-line telecommunications services, today announced that as at the date of this report it incurred total costs of approximately PLN 73m (the “2002/2003 Issue Costs”) in connection with the securities referred to in Netia’s Polish prospectus dated April 17, 2002, published in Poland on December 2, 2002, as amended on April 24, 2003 (the “Prospectus”), including the issue of series I, II and III notes. In view of the complexity of the offering made pursuant to the Prospectus, the 2002/2003 Issue Costs are recorded jointly with regard to all securities offered pursuant to the Prospectus. The 2002/2003 Issue Costs include: - the costs of preparing and executing the issuance of approx. PLN 60m; - the costs of drafting the Prospectus, including the advisory fees, of approx. PLN 9m; - the underwriter’s fee under the service underwriting agreement of PLN 20,000 quarterly; - other costs of approx. PLN 4m. The Company has incurred no costs in connection with promoting the issuance. The above-mentioned amounts have been estimated based on the received invoices and accrued expenditures related to non-invoiced services. Out of the total amount of the 2002/2003 Issue Costs, approx. PLN 26m were recorded in the Company’s accounting records and financial statements as a reduction of the share premium recorded on the issue of series H shares. The remaining costs were recorded as the financial costs, with the exception of costs related to the service underwriting agreement, which will be recorded after their occurrence. The average costs of executing the subscription for the securities issued pursuant to the Prospectus, including series I, II and III notes, equaled approximately the average cost of subscription per series H, J and K share of PLN 0.18.

 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, its Current Report on Form 6-K filed with the Commission on February 3, 2003, its Current Report on Form 6-K filed with the Commission on February 13, 2003, its Current Report on Form 6-K filed with the Commission on February 14, 2003, its Current Report on Form 6-K filed with the Commission on February 25, 2003, its Current Report on Form 6-K filed with the Commission on March 10, 2003, its Current Report on Form 6-K filed with the Commission on March 18, 2003, its Current Report on Form 6-K filed with the Commission on April 8, 2003, its Current Report on Form 6-K filed with the Commission on April 24, 2003, its Current Report on Form 6-K filed with the Commission on May 7, 2003 and its Current Report on Form 6-K filed with the Commission on May 7, 2003 . Netia undertakes no obligation to publicly update or revise any forward-looking statements.