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30.07.2003

Information regarding sale of Netia's shares

WARSAW, Poland - July 30, 2003 - Netia Holdings S.A. ("Netia") (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services, today announced that following the sale of Netia's shares, the subsidiaries of J.P. Morgan Chase & Co. jointly held 16,928,299 Netia shares, which represent 4.92% of Netia's outstanding share capital and 4.92% of the total voting power at Netia's general meeting of shareholders, as of July 29, 2003.

Previously, J.P. Morgan Chase & Co. and its subsidiaries jointly held 25,189,761 Netia shares, representing 7.32% of Netia's outstanding share capital and 7.32% of the total voting power at Netia's general meeting of shareholders.

The following table presents current ownership of Netia's shares by a subsidiary of JP Morgan Chase & Co.

CompanyNumber of sharesPercentage of Netia's share capital
and percentage of voting power at the
general meeting of shareholders
J.P. Morgan Securities Ltd.

16,928,299

4.92%




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 and its Current Report on Form 6-K filed with the Commission on June 30, 2003. Netia undertakes no obligation to publicly update or revise any forward-looking statements.
» See all current from year 2003
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