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09 November 2011

Share Buy-Back Program between 2 November and 8 November 2011; Completion of the Buy-Back Program (60/2011)

The management board of Netia SA (the “Company” or “Netia”), Poland's largest alternative provider of fixed-line telecommunications services, hereby announces that, between 2 November and 8 November 2011, the Company purchased, through Dom Inwestycyjny BRE Banku S.A., 1,067,012 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 1,067,012 votes at the general meeting of the Company’s shareholders and constitute 0.27% of the Company’s share capital. The average price of the Company’s bought shares for the above mentioned period was 5.28 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.

Since the date on which the Company commenced acquisitions of 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”), i.e. 17 August 2011, the Company has acquired a total of 9,775,000 of its own shares for a total amount of PLN 49,512,945.83 and an average share price of PLN 5.07. The own shares acquired by the Company since the commencement of the Program carry a total of 9,775,000 votes at the general meeting of the shareholders, and represent 2.50% of the Company’s share capital, and a 2.50% share in the total number of the votes at the general meeting of the shareholders, thereby the Program’s target has been fulfilled.

The above mentioned Program had been executed under the authorisation to repurchase in total up to 12.5% of Netia’s own shares, granted by resolution No. 18 of the Company’s shareholders meeting held on June 2, 2011 (see Netia’s current report No. 28/2011 dated June 2, 2011). Due to the above, Netia may commence a further buyback program, subject to obtaining a relevant consent from its Supervisory Board.

Due to the repurchase of all shares intended to be acquired by the Company over the course of the Program, the Company informs herewith of the Program’s completion.

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).