15. 4. 2008

NOTICE OF BOND CREDITORS MEETING DECISION

Bonds issued by ČEZ, a. s., Company Registration No.: 45274649, with its registered address at Prague 4, Duhová 2/1444

Bonds with yield defined by the difference between the nominal bond value and the lower rate of issue, mature in 2009, designated: ČEZ 0,00/09, ISIN: CZ0003501066, issue date: January 26, 1999

9.22% bonds transferred to the flexible interest rate of CPI + 4.20% in 2006, mature in 2014, designated: ČEZ VAR/14, ISIN: CZ0003501058, issue date: January 26, 1999

Bonds with fixed interest yield of 3.35% p.a., mature in 2008, designated: ČEZ 3,35/2008, ISIN: CZ0003501348, issue date: June 23, 2003

(the bonds have been issued within the Bond Program, and these are the only bonds issued so far within this Bond Program)

Bonds with fixed interest yield of 4.30 % p.a., mature in 2010, designated: ČEZ 4,30/10, ISIN CZ0003501520, issue date: August 27, 2007

The Bond Creditors Meeting held on March 20, 2008 from 16:00 has passed the following resolution:

“The Bond Creditors Meeting agrees with the merger by the amalgamation of the closing down company Energetika Vítkovice, a.s., Company Registration No.: 25854712 with ČEZ, a. s., Company Registration No.: 45274649, as the succession company.”