ČEZ, a. s. yesterday successfully fixed the price for the six-year bond issue worth €600
million. These notes will be issued within the framework of established
EMTN (Euro Medium Term Notes) programme. The price is 120 basis points above the
reference mid-swap rate with the resulting 6 % coupon. The expected issue date is
18 July 2008. The rating agency S&P confirmed the eurobond issue a rating of A- and Moody’s confirmed a rating of A2.