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23 January 2009

Netia announces draft resolution to be presented for the shareholders’ vote on February 11, 2009 (5/2009)

I. The Management Board of Netia SA (“Company” or “Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, hereby presents the draft resolution to be presented for the shareholders’ vote at the Extraordinary General Meeting of Shareholders to be held on February 11, 2009 (Annex 1).

II. According to Code of Best Practice for WSE Listed Companies, the Management Board of Netia hereby presents the justification of the resolution:

Justification of the resolution concerning merger of the Company with its wholly-owned subsidiary Tele2 Polska Sp. z o.o.:

The merger of Netia SA and its wholly owned subsidiary Tele2 Polska Sp. z o.o. is a part of the ongoing process of internal consolidation of Netia subsidiaries (the “Netia Group”).
The purpose of the internal consolidation is to simplify and make the Netia Group‘s capital structure more transparent.
The Management Board believes that this will positively impact Netia Group‘s operations through reduction of administrative costs, including a decrease in the scale of intercompany transactions in its daily operations.

III. The Extraordinary Shareholders’ Meeting scheduled to convene on February 11, 2009 (see Netia’s press release no 4/2009) will be webcasted. Access to the transmission will be possible via Netia’s web site for investors (www.investor.netia.pl), where there will be a special link on the day of the meeting.

In order to access the transmission, the following technical requirements should be met:

  • Computer with Windows Media Player ver.9 software or higher version
  • Internet connection with the required bandwidth of minimum 512 kbps
  • Internet Explorer ver. 6.0 or higher version (recommended)