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23 September 2008

Information regarding Netia’s stock options (51/2008)

WARSAW, Poland – September 23, 2008 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that on September 23, 2008 its supervisory board granted to the members of the Company’s management board stock options authorizing them to subscribe for series K shares in accordance with the Netia Performance Stock Option Plan of June 28, 2002, as amended (see the press release of April 11, 2003) (the “Stock Options”).
Mr. Mirosław Godlewski, President of the management board, was granted 3,334,000 (three million three hundred and thirty four thousand) Stock Options, and Messrs. Jonathan Eastick, Bertrand LeGuern, Piotr Nesterowicz and Tom Ruhan were granted 1,666,500 (one million six hundred and sixty six thousand) Stock Options each.

Furthermore, Netia’s supervisory board has consented to the granting of a total 4,921,875 (four million nine hundred and twenty one thousand, eight hundred and seventy five) Stock Options to the Company’s senior managers. The supervisory board authorized the President of the management board to grant Stock Options of the Company to the seniors managers in the future.

The strike price for the Stock Options granted to the management board and for the Stock Options which will be granted to the senior managers equals PLN 3.50. The granted Stock Options shall expire on December 20, 2012.

The table below presents the key data concerning the dates of vesting of the Stock Options: 


Earliest Exercise Date

Strike Price

No. of Vested Stock Options

1 December 2009

1 December 2010

3.50 PLN

Members of the management board









Under the terms of the Netia Stock Option Plan, where options are exercised at a market price above the relevant strike price, the participant receives shares of equivalent value to the options being exercised.