WARSAW, Poland – April 4, 2005 – Netia SA („Company”, “Netia”) (WSE: NET), Poland’s largest alternative provider of fixed – line telecommunications services, announced in connection with the expiration of its two-year subscription warrants authorizing to subscribe for Netia’s ordinary bearer series J shares (“Warrants”) on April 29, 2005, that this day will be the last day of subscription for series J shares authorized from the Warrants (i.e., in accordance with par. 24.3.2 chapter III of the Polish prospectus of Netia’s notes and shares dated April 17, 2002).
In addition, Netia informed that the management board of the Warsaw Stock Exchange (“the WSE”) resolved on April 1, 2005 that:
- the Warrants will not be traded as of the WSE session on April 27, 2005 until the date of their expiration,
- brokerage instructions for Warrants will not be accepted as of April 27, 2005,
- brokerage instructions for Warrants will expire if they are not executed until April 26, 2005 (inclusive).