Changes to Netia's Supervisory Board
WARSAW, Poland - August 3, 2000 - Netia Holdings S.A. (Nasdaq: NTIA), Poland's largest alternative fixed-line telecommunications services provider, announced that, effective as of July 20, 2000, three of its shareholders, Dankner Investments Limited, Trefoil Capital Investors L.P. and Shamrock Holdings Inc., dismissed their members of the Supervisory Board of Netia Holdings S.A.
The dismissals result from the expiry of the three shareholders' rights to appoint their representatives to the Supervisory Board following the sale of their shares in Netia to Telia AB (publ.) and Telia Holding Polen AB on July 4, 2000. Following the dismissals, the Supervisory Board of Netia consists of nine members.
Kaj Juul Pedersen, the Chairman of The Supervisory Board, comment: "I appreciate the long-term Commitment of Dankner, Trefoil and Shamrock to Netia Holdings S.A. and I thank them for their valuable contribution to the Supervisory Board's strategy and Netia's development."