Current reports

WARSAW, Poland – June 13, 2003 – Netia Holdings S.A. (“Netia”) (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, announced today that in connection with the process of 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 non-operating companies (the “Companies”) pursuant to separate share purchase agreements, all dated June 13, 2003: (i) 200 shares, PLN 90 par value per share, of Telekom Zambrow Sp. z o.o. with its seat in Zambrow (“Zambrow”), constituting 100% of Zambrow’s share capital and 100% of the voting power at Zambrow’s general meeting of shareholders. The total value of the transaction equals PLN 17,000; (ii) 100,000 shares, PLN 1 par value per share, of Kabel Media S.A., a company in liquidation, with its seat in Warsaw (“Kabel Media”), constituting 100% of Kabel Media’s share capital and 100% of the voting power at Kabel Media’s general meeting of shareholders. The total value of the transaction equals PLN 100; (iii) 91 shares, PLN 50 par value per share, of Tel-Sil Sp. z o.o. with its seat in Wroclaw (“Tel-Sil”), constituting 91% of Tel-Sil’s share capital and 91% of the voting power at Tel-Sil’s general meeting of shareholders. The total value of the transaction equals PLN 100; (iv) 143 shares, PLN 700 par value per share, of Telzut Sp. z o.o., a company in liquidation, with its seat in Hrubieszow (“Telzut”), constituting 75% of Telzut’s share capital and 75% of the voting power at Telzut’s general meeting of shareholders. The total value of the transaction equals PLN 100; (v) 9,960 shares, PLN 10 par value per share, of Polska Siec Telefonii Komorkowej S.A., a company in liquidation, with its seat in Warsaw (“PSTK”), constituting 96,6% of PSTK’s share capital and 96,6% of the voting power at PSTK’s general meeting of shareholders. The total value of the transaction equals PLN 100; and (vi) 1,250 shares, PLN 20 par value per share, of Torotel Sp. z o.o. with its seat in Warsaw (“Torotel”), constituting 100% of Torotel’s share capital and 100% of the voting power at Torotel’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 affiliated with the Purchaser.