Acquisition of material assets (purchase of shares in another company by Netia’s subsidiary) (56/2008)
WARSAW, Poland – October 9, 2008 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that it was informed that on September 17, 2008 the ownership transfer of 63,524 shares in In2Loop Sp. z o.o with its seat in Warsaw (KRS 0000107133) („In2Loop”), which represent 100% of the share capital and confer the right to 100% of votes at its shareholders’ meeting (“Shares”), was executed to Netia’s subsidiary, Tele2 Polska Sp. z o.o. („Tele2”). The Shares ownership transfer was made as a consequence of a share purchase agreement concluded by Tele2 with Tele2 Sverige AB with its seat in Kista, Sweden (register No 55626-5164) on September 10, 2008 (“Agreement”). The Shares ownership transfer was made for the price of EUR 1,500, paid on September 17, 2008.
The transferred Shares constitute assets of substantial value, as they represent 100% of the share capital of In2Loop. The assets described above were acquired from Tele2’s own resources and constitute an investment of a long-term nature.
Apart from the contractual relations described in this report, there exist no other ties between Netia and the persons managing or supervising Netia and the seller of the aforementioned assets except for relations resulting from the share purchase agreement concluded on June 29, 2008 between Netia and Tele2 Sverige AB referring to the sale of shares in Tele2 and documents relating to that agreement (please see current reports 35/2008 dated 30.06.2008, 43/2008 dated 05.09.2008 and 50/2008 dated 15.09.2008). In2Loop does not conduct any operational activity and the above referred purchase of Shares by Tele2 was an auxiliary element of the purchase transaction by Netia of 100% shares in Tele2.