Netia’s series K shares admitted to trading on the Warsaw Stock Exchange
WARSAW, Poland – April 8, 2004 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that pursuant to a resolution of the Management Board of the Warsaw Stock Exchange (“WSE”), dated April 7, 2004, 480,732 series K ordinary bearer shares of Netia with a nominal value of PLN 1 each, assigned by Krajowy Depozyt Papierów Wartościowych w Warszawie SA (National Depository of Securities) with the PLNETIA00097 code, (the “Shares”), were admitted to trading on WSE. The Shares will commence trading on WSE on April 15, 2004, provided that, on the same day the Polish National Depository for Securities will assimilate the Shares with the remaining Netia’s shares identified by a code “PLNETIA00014”. The series K shares are being issued within Netia’s authorised capital in connection with the execution of the performance stock option plan adopted by Netia’s supervisory board on June 28, 2002, as amended (the “Plan”). So far Netia issued under the Plan 480,732 series K shares.
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, its Current Report dated March 9, 2004 and its Current Report dated April 7,2004. Netia undertakes no obligation to publicly update or revise any forward-looking statements.