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13 June 2003
Netia’s seizure of Millennium Communications SA’s shares in its subsidiary
WARSAW, Poland – June 13, 2003 – Netia Holdings S.A. (“Netia”) (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that in accordance with the ruling of the District Court in Warsaw dated May 8, 2003, Netia seized 100% of shares held by Millennium Communications S.A. in Genesis Sp. z o.o. with its seat in Warsaw, the subsidiary of Millennium Communications S.A., for the purpose of securing Netia’s claims related to the repayment of a loan granted by Netia to Millennium Communications S.A. in 2000.