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15 April 2004

Assimilation of Netia’s series K shares

WARSAW, Poland – April 15, 2004 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that pursuant to a resolution No. 144/04 of the Management Board of the Krajowy Depozyt Papierów Wartościowych w Warszawie SA (National Depository of Securities), 480,732 series K ordinary bearer shares of Netia with a nominal value of PLN 1 each, assigned by with the "PLNETIA00097" code, were assimilated on April 15, 2004 with the remaining Netia’s shares traded on the Warsaw Stock Exchange and 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, as well as Current Reports on Form 6-K it has furnished to the Commission since filing its Annual Report. Netia undertakes no obligation to publicly update or revise any forward-looking statements.