Netia holds extraordinary shareholders’ meeting
WARSAW, Poland – March 12, 2004 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services today announced that the Extraordinary General Meeting of Shareholders held on March 11, 2004 (the “Meeting”) adopted resolutions on: (i) changes in the composition of Netia’s supervisory board; and (ii) the remuneration of supervisory board members, made up of the following multiples of average monthly remuneration in the enterprise sector from the last month of the last quarter, announced by the President of the Polish Main Statistical Office in the Official Journal of the Republic of Poland, “Monitor Polski”: 1.2 times for supervisory board members; 1.4 times for the vice-chairman and 1.5 times for the chairman. Pursuant to the resolution of the Meeting, Jarosław Bauc, Morgan Ekberg and Ewa-Maria Robertson were dismissed as members of Netia’s supervisory board as of March 11, 2004. In parallel, pursuant to the resolution of the Meeting, Mark Holdsworth, Hubert Janiszewski, Bogusław Kasprzyk and Alicja Kornasiewicz were appointed members of Netia’s supervisory board. As a result of these changes, Netia’s supervisory board currently consists of the following 7 members: Nicholas N. Cournoyer (Chairman of the supervisory board), Mark Holdsworth, Hubert Janiszewski, Bogusław Kasprzyk, Alicja Kornasiewicz, Richard James Moon and Andrzej Radzimiński. The full text of the resolution on remuneration of the supervisory board members is available at Netia’s website at investor.netia.pl ( file, 147kB).
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, its Current Report dated February 3, 2004 and its Current Report dated March 1, 2004. Netia undertakes no obligation to publicly update or revise any forward-looking statements.