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06 May 2005

Information on the exercise of Netia’s two-year subscription warrants

WARSAW, Poland – May 6, 2005 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that it issued 31,062,274 series J shares at an issue price of PLN 2.53 per share in connection with the exercise of Netia’s two-year subscription warrants by their holders, who subscribed for series J shares authorized from these warrants until April 29, 2005.
Each series J share entitles its holder to one vote at Netia’s general meeting of shareholders. Netia’s series J shares are publicly traded on the Warsaw Stock Exchange (“WSE”) under the same code as all other ordinary shares of Netia i.e. PLNETIA00014.
The subscription warrants were exercised in accordance with Netia’s Polish prospectus, dated April 17, 2002, as amended.
In addition, Netia informed that 1,361,947 two-year subscription warrants expired on April 29, 2005 (see Netia’s press release dated April 4, 2005).
In accordance with the notice received from Krajowy Depozyt Papierów Wartościowych SA (Polish National Depositary for Securities) (“KDPW”), in connection with the expiration of the two-year subscription warrants KDPW closed on May 5, 2005 the accounts held for these securities, following the settlement of all transactions regarding their exercise that resulted from the subscriptions for series J shares made until April 29, 2005 (see Netia’s press release dated May 5, 2005).