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05 October 2011

Share Buy-Back Program between 28 September and 4 October 2011 (48/2011)


The management board of Netia SA (the “Company” or “Netia”), Poland's largest alternative provider of fixed-line telecommunications services, hereby announces that, between 28 September and 4 October 2011, the Company purchased, through Dom Inwestycyjny BRE Banku S.A., 709,791 of its own shares, each with a nominal value of PLN 1, during stock exchange trading sessions on the main market of the Warsaw Stock Exchange. The shares bought back by the Company carry a total of 709,791 votes at the general meeting of the Company’s shareholders and constitute 0.18% of the Company’s share capital. The average price of the Company’s bought shares for the above mentioned period was 4,94 PLN. Please see Schedule No. 1 to this current report for detailed data (date and time of the transactions/the number of shares purchased/the price) on each of the transactions executed in the period stated above.

The Company is continuing the buy-back of its own shares in the course of the buy-back program announced by the Company on 16 August 2011 (see current report No. 33/2011 dated 16 August 2011) for the purpose of the redemption of such shares (the “Program”).

Since the date on which the Company commenced acquisitions of shares in the course of the Program, i.e. 17 August 2011, the Company has acquired a total of 5,315,292 of its own shares. The own shares acquired by the Company since the commencement of the Program carry a total of 5,315,292 votes at the general meeting of the shareholders, and represent 1.36% of the Company’s share capital, and a 1.36% share in the total number of the votes at the general meeting of the shareholders.

The Program will continue in effect until the date on which all shares intended to be acquired by the Company have been bought back over the course of the Program or until the financial resources earmarked for the Program have been expended, not longer, however, than until 2 June 2013. The Company’s management board may, after obtaining the relevant consent of the supervisory board, amend the terms or method of acquiring the shares over the course of the Program, as well as shorten the term of the Program.

Legal Basis: Art. 4 section 4 Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programs and stabilization of financial instruments (OJ L 336 of 23 December 2003).