WARSAW, Poland -- Netia SA ("Netia") (WSE: NET), Poland's largest alternative provider of fixed-line telecommunications services today announced that the Extraordinary General Meeting of Shareholders held on March 11, 2004 (the "Meeting") adopted resolutions on: (i) changes in the composition of Netia's supervisory board; and (ii) the remuneration of supervisory board members, made up of the following multiples of average monthly remuneration in the enterprise sector from the last month of the last quarter, announced by the President of the Polish Main Statistical Office in the Official Journal of the Republic of Poland, "Monitor Polski": 1.2 times for supervisory board members; 1.4 times for the vice-chairman and 1.5 times for the chairman.

Pursuant to the resolution of the Meeting, Jaroslaw Bauc, Morgan Ekberg and Ewa-Maria Robertson were dismissed as members of Netia's supervisory board as of March 11, 2004. In parallel, pursuant to the resolution of the Meeting, Mark Holdsworth, Hubert Janiszewski, Boguslaw Kasprzyk and Alicja Kornasiewicz were appointed members of Netia's supervisory board.

As a result of these changes, Netia's supervisory board currently consists of the following 7 members: Nicholas N. Cournoyer (Chairman of the supervisory board), Mark Holdsworth, Hubert Janiszewski, Boguslaw Kasprzyk, Alicja Kornasiewicz, Richard James Moon and Andrzej Radziminski.

Netia Holdings SA