Press releases pg. 102

In accordance with the binding dividend policy, at yesterday’s meeting the Board of Directors of the power company ČEZ decided on a proposal of the sum of the dividend from the last year’s profit to be submitted to the General Meeting of Shareholders which will be held on 13 May 2009. The Board of Directors will propose a gross dividend amounting to 50 CZK per share.

The CEZ Group has signed a contract for the purchase of 100 % shares of the company CZECH HEAT, a. s., from its existing owners. The company owns an own combined source for production of electricity and heat by clean combustion of biomass in Jindřichův Hradec. The produced heat is supplied mainly to central distribution systems of the town of Jindřichův Hradec.

Tirana, Albania, March 11, 2009—The government of Albania and CEZ Group signed a contract for the sale of 76 percent of the shares of the Electricity Distribution Company of Albania (OSSH). CEZ was selected as the winning bidder by the tendering commission already in October 2008. The decision was then confirmed by the Albanian Government after further consultations. IFC, a member of the World Bank Group, advised the Albanian government on structuring the transaction and executing an open, transparent and competitive bidding process. The value of the contract for the majority stake in OSSH is €102 million. Following negotiations ended in today’s signing of the contract. The transaction is expected to be completed in next few months.

In the last year, the energy ČEZ Group realized a net profit at the amount of 47.4 billion CZK, which means an increase of 11 percent on the previous year, despite the negative influence of the rising financial crisis at the end of the last year. The increase was due to the rise in wholesale prices, higher share of power production from nuclear sources, reduction of running costs and results of the ČEZ Group´s activities abroad.