The proposed amount of CEZ´s dividend: 8 CZK

Yesterday´s meeting of the Board of CEZ power company decided on a proposal for the amount of a dividend from the last year´s profit, which is going to be submitted to the general meeting on June 17, 2004. The Board is going to propose a gross dividend in the amount of 8 CZK per share (nominal value 100 CZK).

The proposed amount of a dividend represents an increase of 78 per cent on the dividend paid in the previous year, when it was 4.5 CZK/share. The total amount for dividends is assessed at over 4.7 billion CZK. The outstanding year-on-year increase in the proposed dividend reflects the extraordinary economic results of CEZ for 2003, which were based on the unrepeatable income from the sale of 66% share in CEPS (transmission system operator). The profit of CEZ after tax reached the amount of 13.9 billion CZK for 2003, and increased more than twice compared to last year.

Ladislav Kriz, Press Officer, CEZ, a. s.

25. 5. 2004