Press releases pg. 18

Others

CEZ has started the final process of entering the Warsaw Stock Exchange

CEZ Power Company has started its final phase of dual listing of its shares at the Warsaw Stock Exchange. It is an administrative process regarding fulfillment of all requirements for quotation of CEZ shares at the Warsaw Stock Exchange. CEZ shares will thus enter the Warsaw Stock Exchange by the end of October this year.

12. 9. 2006

Others

Today CEZ has set the final volume and structure of offers from the recent wholesale electricity auction for 2007

Due to an enormous demand CEZ will produce record electricity quantum next year and will not export to Germany and Austria Despite actions taken, CEZ had to partly reduce the demand for seasonal products (many times higher than in the previous years), because it exceeded its production possibilities.

5. 9. 2006

Others

Enormous demand for electricity in wholesale campaign, CEZ will have to cut customers' requirements, they exceed its generation capacity

Total year-on-year increase in wholesale prices is 16.87 %. Baseload price in the second auction is 19.5 % higher. Thanks to the offer of other products for pre-determined prices, the final average price increase is by 2.6 % lower, i.e. 16,87 %. The first auction of the CEZ's generation- the virtuall power plant - held in the beginning of August generated prices on the level of 17.1 % year-on-year increase.

30. 8. 2006

Others

After the auction for the "Virtual Power Plant", CEZ is continuing electricity wholesales for the next year on market principle basis.

After the first wholesale electricity offer for 2007 in the "Virtual Power Plant" auction, CEZ is now continuing to offer another electricity volume and other wholesale products. The price of the most important product band supplies for the next year will be determined by the traders themselves in the auction again. This auction is not imposed on CEZ by the UOHS (Office of Fair Trading), but it is a voluntary action of CEZ.

21. 8. 2006