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18 July 2003

New manner of reporting in Poland the share capital increases connected with the exercise of warrants

WARSAW, Poland. - July 18, 2003 - Netia Holdings S.A. (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services today announced that it is changing the manner of reporting Netia’s share capital increases. Share capital increases in connection with the exercise of Netia’s outstanding Warrants will be announced both in Poland and in the U.S. in the form of a press release once a month by the 8th of each month, and additionally each time in the case of an exchange of Warrants constituting 5% or more of all Warrants issued by the Company. Current information on Netia’s share capital is constantly updated on Netia’s website on each occasion any Warrants are exercised.