Selection of the statutory auditor (63/2011)
In the previous years, Ernst & Young conducted the audit and review of the Company’s stand alone financial statements, Netia Group’s consolidated financial statements and financial statements of the subsidiaries. In particular, Ernst & Young was auditor of the financial statements of the Company and the Netia Group with respect to the financial years 2007, 2008, 2009, 2010 and 2011 (see Netia’s current reports No. 39/2007 dated March 21, 2007, No. 51/2009 dated November 10, 2009 and No. 35/2010 dated December 3, 2010). Additionally, the Company received consultancy and training services regarding accountancy issues organized by Ernst & Young.
Ernst & Young was selected by the Supervisory Board of the Company in accordance with applicable legal regulations and professional standards following the recommendation of the Audit Committee, resulting from the need to ensure an effective audit in the dynamically growing Netia Group and the adopted policy for selection and rotation of auditors. An agreement with Ernst & Young will be concluded for the period until completion by Ernst & Young of the audit of the Company’s stand alone financial statements and Netia Group’s financial statements for the financial years 2012 and 2013.