Acquisition of Netia shares
WARSAW, Poland – February 26, 2004 – Netia SA (“Netia”) (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that it received a notification stating that following the purchase of Netia’s shares, the subsidiaries of J.P. Morgan Chase & Co. jointly hold 28,917,766 Netia’s shares, which represent 8.38% of Netia’s outstanding share capital and 8.38% of the total voting power at Netia’s general meeting of shareholders, as of February 25, 2004, as follows: Company / Number of shares / Percentage of Netia’s share capital and percentage of voting power at the general meeting of shareholders J.P. Morgan Securities Ltd. / 16,187,642 / 4.68% J.P. Morgan Fleming Asset Management (UK) Limited / 12,730,124 /3.69% The above percentage holding of total share capital was calculated based on Netia’s reported share capital as of February 1, 2004. Taking into account the number of series J shares issued until February 24, 2004 in connection with the exercise of Netia’s subscription warrants, the shares jointly held by the subsidiaries of J.P. Morgan Chase & Co. represent 8.28% of Netia’s share capital.
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, its Current Report dated November 6, 2003, its Current Report dated December 29, 2003 and its Current Report dated February 3, 2004. Netia undertakes no obligation to publicly update or revise any forward-looking statements.