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16 June 2003

Share options granted under a key employee stock option plan

WARSAW, Poland – Netia Holdings S.A. (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed line telecommunications services today announced that on June 12, 2003 its Supervisory Board granted Options to Mr. Paul Kearney, the new member of Netia’s Management Board appointed on the same date. Paul Kearney obtained Options representing 0,3% of Netia’s share capital on a fully diluted basis. The Supervisory Board established the strike price for the share option in the amount of 3.12 PLN. These Options will expire on December 20, 2007.