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05 July 2000

Netia shares approved for trading on Warsaw Stock Exchange as of July 11Netia to join Warsaw's Sitech Index

WARSAW, Poland - July 5, 2000 - Netia Holdings SA (Nasdaq: NTIA), Poland's largest alternative fixed-line telecommunications services provider, announced that on July 4, 2000, the Warsaw Stock Exchange's Management Board has approved the Company's shares to commence trading on Tuesday, July 11, 2000.

The Management Board of the Warsaw Stock Exchange S.A. has set July 10, 2000 as the last day of trading in the 2,200,000 rights to purchase series G shares of the Company. The Exchange adopted the resolution concerning the introduction of Netia's series C, D, F and G shares to trading on the Warsaw Stock Exchange. The following numbers and series of shares have been introduced to trading on the Warsaw Stock Exchange:

  • 17,023,367 ordinary bearer series C shares
  • 5,500,000 ordinary bearer series D shares
  • 2,250,000 ordinary bearer series F shares
  • 2,250,000 ordinary bearer series G shares

In addition, the Warsaw Stock Exchange confirmed that Netia will be added as a member of its SiTech Index, effective July 11, 2000. Currently there are 14 companies who have qualified for Warsaw Stock Exchange's SiTech Index, which was created at the request of investors to help identify communications and technology companies listed on the Exchange.

NETIA HOLDINGS is the largest alternative fixed-line telecommunications operator in Poland. In March 2000, Netia won the tender for the Warsaw voice telephony license. Including Warsaw, Netia has 24 licenses for local telecommunications services in territories covering some 15 million people or approximately 40% of the Polish population. The Company's existing local telephone license territories cover five of the country's ten largest urban areas including Krakow, Poznan, Gdansk, Lublin, Katowice and several territories surrounding the city of Warsaw. Netia has also secured the benefit of a nationwide data and IP license to provide data transmission and Internet-based services. In May 2000 the Netia 1 consortium was issued the nationwide domestic long distance voice license. In July 2000 Netia received the Warsaw local voice license.