Netia issues series K shares
WARSAW, Poland – April 1, 2004 – Netia SA (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that on March 31, 2004 the Company issued, within its authorised capital, 480,732 ordinary bearer series K shares with a nominal value of PLN 1 each (“Series K Shares”) which give the right to 480,732 votes at Netia’s general meeting of shareholders, due to the exercise by certain persons authorized thereto of their rights arising from the performance stock option plan adopted by Netia’s supervisory board on June 28, 2002, as amended. By resolution No. 218/03 of May 14, 2003, the management board of Krajowy Depozyt Papierów Wartościowych w Warszawie SA (National Depository of Securities) assigned the Series K Shares with the PLNETIA00097 code. The Series K shares were issued due to the exercise of rights attached to 480,732 ordinary bearer Series III notes, authorising their holders to subscribe for the Series K Shares prior to the Company’s shareholders, having a nominal value of 1 grosz (PLN 0.01) each (“Series III Notes”). In connection with the exercise of rights from the Series III Notes, the Company bought and redeemed 480,732 Series III Notes.
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, its Current Report dated March 1, 2004 and its Current Report dated March 9, 2004. Netia undertakes no obligation to publicly update or revise any forward-looking statements.