WARSAW, Poland – July 28, 2006 – Netia SA (“Netia”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that it received today a notification filed on behalf of Third Avenue International Value Fund (the “Fund”) that ownership of Netia’s shares held by the Fund has increased above the threshold of 5% of the total number of votes at Netia’s general meeting of shareholders.

 

According to the notification, as a result of the settlement on July 24, 2006 of a purchase of Netia shares effected on the Warsaw Stock Exchange, the Fund holds 19,594,034 Netia shares, representing 5.03% of Netia’s share capital and entitling the holder thereof to exercise 19,594,034 votes, which represents 5.03% of the total number of votes at Netia’s general meeting of shareholders.