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14 January 2005

Information on the amendments to the issuance prospectus of Netia’s series “I” shares

WARSAW, Poland – January 14, 2005 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced the following amendments to the issuance prospectus of its series “I” shares, published in Polish on December 28, 2004 (which was also translated to English for the information purposes only) (hereinafter the “Prospectus”) (see press release dated December 27, 2004):
(i) In performance of the decision of the Polish Securities and Exchange Commission dated December 21, 2004 ((DIF/E/4100/01/30/2004) received by the Company on December 30, 2004, the first paragraph of Chapter II section 2.1.3 of the Prospectus is amended to receive the following wording:
As of the date of preparing the Prospectus, persons acting on behalf of the Company have the following connections with the Company:
-       they are members or the President of the Management Board,
-      they have employment contracts with the Company, with the exception of the President of the Management Board – Wojciech Madalski and one of the members of the Management Board – Irene Elizabeth Cackett,
-        they have concluded non-competition agreements with the Company, except for one of the members of the Management Board – John Paul Kearney,
-        they participate in the Stock Option Plan.”.
In addition, the second paragraph of this section is deleted.
(ii)        The definition of “Merrill Lynch, MLCS” included in Schedule 5 Chapter V of the Prospectus is amended by deletion of the letters ‘MLCS’ from the definition, and by replacing its wording with the following: 
“Merrill Lynch Capital Services, Inc., with its registered office in New York, USA and/or any transferees, in whole or in part, of the claims under the Arrangement Obligations to which Merrill Lynch Capital Services, Inc. is entitled to”.