WARSAW, Poland – June 6, 2006 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that it received a decision of the Regional Court in Warsaw, dated May 22, 2006, on completion of the arrangement proceedings of Netia (previously acting under the commercial name “Netia Holdings SA” (see Netia’s press release dated August 4, 2003)), further to full repayment of receivables provided in the arrangement plan adopted by Netia and its creditors (see Netia’s press releases dated June 28, 2002 and August 9, 2002).
Arrangements proceedings of Netia constituted the last part of the court arrangement proceedings performed in connection with the financial restructuring of the Netia group. Along with the completion of these proceedings, and following the earlier completion of arrangement proceedings of Netia Telekom SA (see Netia’s press release dated May 12, 2006) and Netia South Sp. z o.o. (see Netia’s press release dated April 28, 2005), the process of financial restructuring of the Netia group is completed.