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30 July 2003

Information regarding sale of Netia's shares

WARSAW, Poland - July 30, 2003 - Netia Holdings S.A. ("Netia") (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that following the sale of Netia's shares, the subsidiaries of J.P. Morgan Chase & Co. jointly held 16,928,299 Netia shares, which represent 4.92% of Netia's outstanding share capital and 4.92% of the total voting power at Netia's general meeting of shareholders, as of July 29, 2003.

Previously, J.P. Morgan Chase & Co. and its subsidiaries jointly held 25,189,761 Netia shares, representing 7.32% of Netia's outstanding share capital and 7.32% of the total voting power at Netia's general meeting of shareholders.

The following table presents current ownership of Netia's shares by a subsidiary of JP Morgan Chase & Co.

CompanyNumber of sharesPercentage of Netia's share capital
and percentage of voting power at the
general meeting of shareholders
J.P. Morgan Securities Ltd.



Some of the information contained in this news release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. For a more detailed description of these risks and factors, please see Netia's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F filed with the Commission on June 27, 2003 and its Current Report on Form 6-K filed with the Commission on June 30, 2003. Netia undertakes no obligation to publicly update or revise any forward-looking statements.