Tender offer/exchange results

Prague, 10 December 2010 – CEZ Finance accepted all offers of EUR 400,000,000 4.625% Guaranteed Notes due 2011 for exchange and all tenders for purchase in the aggregate amount of EUR 246 mil. In paralel ČEZ rejected to acccept any EUR 500,000,000 5.125% Notes due 2012 and EUR 500,000,000 4.125% Notes due 2013 tendered for purchase or offered for exchange.