As Netia decided to withhold from providing an English version of its website, these of the company Followers who would be interested in subscribing Netia reports in Polish are kindly requested to register in the box below

15 May 2006

Information regarding the sale of Netia’s shares

WARSAW, Poland – May 15, 2006 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that it received today a notification filed on behalf of Griffin Capital Management Ltd with its seat in Gibraltar informing that Griffin Eastern European Fund managed by Griffin Capital Management Ltd sold the total of 20,829,253 Netia shares.
According to the notification, prior to the transaction Griffin Eastern European Fund held 20,829,253 Netia shares giving the right to exercise 20,829,253 votes at Netia’s General Meeting of Shareholders, which represented 5.352% of the aggregate number of votes at Netia’s General Meeting of Shareholders and 5.352% of Netia’s share capital. 
Currently, the funds managed or controlled by Griffin Capital Management Ltd no longer hold any Netia shares.