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19 April 1999

Netia shareholders approve US$50 milion equity increase

Warsaw, Poland - April 19, 1999


Netia Holdings, the largest alternative provider of fixed-line local telephone services in Poland, announced that on April 15, 1999, the General Shareholders Assembly of Netia Holdings S.A. approved the US$50 million increase in the equity underwritten by Telia AB, its main shareholder.