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17 April 2015

Appointment and dismissal of the Supervisory Board member (18/2015)

WARSAW, Poland – April 17, 2015 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services announced that it received today a notice informing that Mr. Andrzej Radzimiński, exercising his right to appoint and dismiss one member of Netia’s Supervisory Board that results from the ownership of 1,000 preferred registered series A1 shares of the Company (see par. 5, par 6.3. and par. 15.2. of Netia’s statute):

  1. Dismissed Mr. Tadeusz Radzimiński from the position of Netia’s Supervisory Board member, thanking him in parallel for eight years of his contribution in Netia’s development, and
  2. appointed Mr. Stefan Radzimiński as Netia’s Supervisory Board member 

effective as of the day of the Annual Shareholders' Meeting approving the financial statement of Netia for the year 2014.

The above decisions were due to rules of rotation in accordance with the “Code of Best Practice for WSE Listed Companies”.

Stefan Radzimiński, 40, graduated in 1999 in Telecommunications from the Warsaw University of Technology, Department of Electronics and Information Technology. His master thesis considered methodology of profitability analysis of telecommunications network projects of private operators, along with the attached proprietary software for profitability analysis. 

From 1999 to 2014 Mr. Stefan Radzimiński had been a co-funder and Vice President, and next he was President of the Management Board in ONYX Sp. z o.o., a telecommunications and informatics company specializing, among others, in software for company management and B2B/B2C systems based on Internet. At present, the company serves on regular basis such clients in Poland and Europe as, among others, Robert Bosch Sp. z o.o.; Opel Polska Sp. z o.o. (General Motors); Union Investment TFI S.A.; Deloitte Advisory Sp. z o.o.; KPMG Sp. z o.o.; Inventum Towarzystwo Funduszy Inwestycyjnych S.A. (IDEA TFI); Amplico Towarzystwo Funduszy Inwestycyjnych S.A. 

From 1999 until now Mr. Stefan Radzimiński has been Vice President of the Management Board in R.P. Investment Sp. z o.o. 

Since 2007 Mr. Stefan Radzimiński has been Vice President of the Management Board in RP Development Sp. z o.o., a company operating in the field of commercial property construction and lease. 

Mr. Stefan Radzimiński has also served on the Supervisory Boards of Almeco Sp. z o.o., an importer and an exclusive representative for Poland of Saab (passenger cars), and Invoice Sp. z o.o., an accounting services company. 
Mr. Stefan Radzimiński does not conduct directly or through legal entities any activities that would compete with the activities of Netia. He is not a partner in a civil law company or any partnership, nor a member of any authorities of any corporation or any other competitive legal entity. He has not been registered in the Non-Solvent Debtors Register kept pursuant to the National Court Register Act. 
Mr. Radzimiński meets the criteria of an independent member in accordance with the corporate governance rules adopted by the Warsaw Stock Exchange and Netia’s statute.