Press releases pg. 44

The net profit of CEZ Group increased by 58 per cent

Power Company CEZ generated 811 GWh in renewable energy sources in the first half-year, which is 2.7 per cent of its total energy generation (30 647 GWh). Already in the first six months, it is a significantly higher production than the production for the entire last year when it was 616 GWh in these sources, i. e. one per cent of the total energy generation. This increase is based upon the fact that after the destructive floods in the summer in 2002 a number of hydro power plants were still out of order last year. Two power sets that are still out of order at Orlik will be put into operation by the end of this year. A higher biomass burning energy production is another factor that has influenced the increase.

The management of CEZ Power Company has received a report from CA IB Corporate Finance, a. s., the organization and control advisor for the tender for the sale of a 34 % share in CEPS (transmission system operator), which states that no prospective buyer has entered into the tender.

CEZ Power Company has sent final bids for the purchase of a 66 % share in the company Slovenske elektrarne, a. s. today. CEZ has shown an interest in the entire Slovenske elektrarne, in all its parts, including nuclear power supply. The A1 and V1 nuclear plants in the Bohunice Nuclear Power Plant and the Gabcikovo Hydro Power Plant are not a part of the offer. The offer contains agreements about operation of the Gabcikovo Hydro Power Plant and the Bohunice Nuclear Power Plant V1.