Acquisition of Netia shares
WARSAW, Poland – November 12, 2003 – Netia S.A. (“Netia”) (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that it was informed by Pioneer Pekao Investment Management S.A. (the “Shareholder”) that the Shareholder exceeded the threshold of 5% of Netia’s shares, held by the Shareholder on behalf of its clients. In accordance with the received notice, the Shareholder owned 17,261,012 shares of Netia, representing approximately 5.01% of Netia’s outstanding share capital and 5.01% of the total voting power at Netia’s general meeting of shareholders.
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, its Current Report on Form 6-K filed with the Commission on June 30, 2003, its Current Report on Form 6-K filed with the Commission on August 8, 2003, its Current Report dated August 13, 2003, its Current Report dated September 23, 2003, its Current Report dated October 1, 2003, its Current Report dated November 4, 2003 and its Current Report dated November 6, 2003. Netia undertakes no obligation to publicly update or revise any forward-looking statements.