Aquisition of Netia shares
WARSAW, Poland – November 26, 2003 – Netia S.A. (“Netia”) (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that it has received a notification by made by Pioneer Pekao Investment Management SA (“PPIM”) -- on request of Pioneer Pekao Towarzystwo Funduszy Inwestycyjnych S.A. and on behalf of the investment funds listed below, which are part of Pioneer Pekao Towarzystwo Funduszy Inwestycyjnych S.A. -- stating that a 5% threshold of the total number of votes at Netia’s General Meeting of Shareholders has been exceeded “with respect to shares being part of the Pioneer investment funds portfolios managed by PPIM”. According to the notification, the following investment funds: 1. Pioneer Zrównoważony Fundusz Inwestycyjny Otwarty; 2. Pioneer Agresywnego Inwestowania Fundusz Inwestycyjny Otwarty; 3. Pioneer Sektora Usług Inwestycyjny Otwarty; 4. Pioneer Stabilnego Wzrostu Fundusz Inwestycyjny Otwarty; 5. Pioneer Akcji Fundusz Inwestycyjny Otwarty; 6. Pioneer Indeksowy Fundusz Inwestycyjny Otwarty; 7. Specjalistyczny Fundusz Inwestycyjny Otwarty Telekomunikacji Polskiej; 8. Pioneer Arbitrażowy Fundusz Inwestycyjny Otwarty; jointly hold 17,244,034 of Netia’s shares, which constitutes 5.01% of the Netia’s share capital and entitles the holders thereof to exercise 17,244,034 votes at Netia’s General Meeting of Shareholders, constituting 5.01% of the total number of votes, 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.