As Netia decided to withhold from providing an English version of its website, these of the company Followers who would be interested in subscribing Netia reports in Polish are kindly requested to register in the box below

03 April 2007

Information on acquisition of Netia's shares

WARSAW, Poland – April 3, 2007 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that on April 2, 2007 it received a notification from SISU Capital Limited filed on behalf of the following investment funds:

  1. SISU Capital Fund Limited
  2. SISU Capital Fund LP
  3. SISU Capital Fund Ltd II, Ltd
  4. ARVO Master Fund Ltd (the “Investment Funds”)

that ownership of Netia’s shares held by the Investment Funds has increased above the threshold of 10% of the total number of votes at Netia’s General Meeting of Shareholders.

According to the notification, as a result of a purchase on March 29, 2007 of Netia shares effected on the regulated market, Investment Funds jointly hold 39,043,006 Netia shares, representing 10.0324% of Netia’s share capital and entitling the holder thereof to exercise 39,043,006 votes, which represents 10.0324% of the total number of votes at Netia’s General Meeting of Shareholders.

Prior to this transaction, the Investment Funds jointly held 38,793,006 Netia shares, which represented 9.9682% of Netia’s share capital, and was entitled to 38,793,006 votes, representing 9.9682% of the total number of votes at Netia’s General Shareholder Meeting.

According to the notification, the Investment Funds do not exclude the further increase of their share in the total number of votes in Netia within 12 months from filing the notice. In case of the ownership increase, it would be made with the purpose of a medium- or long-term investment.