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21 March 2007

Netia holds ordinary shareholders’ meeting

WARSAW, Poland – March 21, 2007 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that its ordinary shareholders’ meeting held on March 21, 2007 (the “AGM”) adopted resolutions concerning, among others, the approval of 2006 financial statements and coverage of losses, changes to Netia’s statutes and adoption of the statutes’ uniform wording, merger of Netia with its wholly-owned subsidiary Pro Futuro SA and changes to the composition and rules of remunerating the supervisory board members.

The AGM appointed Wojciech Sobieraj to Netia’s Supervisory Board.

As a result of the above change, Netia’s Supervisory Board currently consists of the following 7 members: Raimondo Eggink, Constantine Gonticas, Bogusław Kasprzyk, Bruce McInroy, Andrzej Radzimiński, Wojciech Sobieraj and Pantelis Tzortzakis.

The short CV of the newly elected Supervisory Board member is presented below:

Wojciech Sobieraj, 41, during 2002-2006 served as Vice President of Poland’s leading bank BPH, being responsible for its Retail Banking Division. In parallel, he was Chairman of Supervisory Boards of BPH Bank Hipoteczny and Górnośląski Bank Gospodarczy. During 1994-2002 he worked for The Boston Consulting Group as Vice President, Head of the Warsaw Office and Head of Financial Services Practice in Central and Eastern Europe. During 1992-1994 Wojciech Sobieraj worked at New York University, Stern School of Business in New York, USA, as a Teaching and Research Assistant in Finance and Operations Department. Wojciech Sobieraj graduated from the Warsaw School of Economics (SGH), Foreign Trade Department (in 1990). He also received an MBA from the New York University, Stern School of Business (in 1995).
He does not conduct directly or through legal entities any activities that would compete with the activities of Netia. He is not a partner in civil law company or any partnership, nor a member of any authorities of any corporation or any other competitive legal entity. He has not been registered in the Non-Solvent Debtors Register kept pursuant to the National Court Register Act. 

In addition, Netia announces, that its management board resolved to sustain the Company’s earlier position with regard to the corporate governance practices.

The full text of adopted resolutions.