Netia's share capital as of October 1, 2003
WARSAW, Poland – October 8, 2003 – Netia S.A. (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services today announced its share capital has increased in connection with the exercise of certain warrants issued by Netia.
I. Share Capital. As of October 1, 2003, Netia’s issued and outstanding share capital was PLN 344,382,304 and represented 344,382,304 shares, PLN 1 par value per share, each share giving right to one vote at Netia’s general meeting of shareholders. A motion for the registration of the share capital increase by the Polish court was filed on October 7, 2003.
II. Warrants Issued. As of October 1, 2003, Netia issued 337,092 series J shares pursuant to the exercise of 212,656 two-year subscription warrants and 124,436 three-year subscription warrants by their holders at an issue price of PLN 2.53 per share. Each series J share entitles its holder to one vote at Netia’s general meeting of shareholders. Netia’s series J shares are publicly traded on the Warsaw Stock Exchange (“WSE”) under the same code as all other ordinary shares of Netia i.e. PLNETIA00014. The subscription warrants were exercised in accordance with Netia’s Polish prospectus, dated April 17, 2002, as amended.
III. Outstanding Warrants. As of October 2, 2003, the following warrants were traded on WSE: (a) 32,211,565 two-year subscription warrants were traded on WSE under the ticker “NETPPO2, entitling their holders to subscribe for Netia’s series J shares by April 29, 2005; and (b) 32,299,785 three-year subscription warrants were traded on WSE under the ticker “NETPPO3, entitling their holders to subscribe for Netia’s series J shares by April 29, 2006.
IV. Updated Information on Netia’s Share Capital. Current information on Netia’s share capital increases is constantly updated and made available at the Polish National Depositary for Securities and WSE as well as on Netia’s website (www.investor.netia.pl). The share capital as currently registered by the Polish court reflects the status as of September 1, 2003, and will be amended following the consideration of a motion for the share capital increase filed with the court on October 7, 2003. 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 day of each month, and, in addition, each time in the event of an exercise of warrants constituting 5% or more of all warrants issued by Netia.