Press releases pg. 116

On 30th August 2007, Central Europe's two leading energy companies, CEZ, based in Prague, and MOL Plc., headquartered in Budapest, signed a Memorandum of Understanding which sets out the framework for a strategic alliance to create a joint gas-fired power and heat generation business in countries where MOL is a major energy consumer through its refining operations. As the first step the joint venture is expected to build and operate heat and power plants fired primarily by gas and also by refinery residuals at the Bratislava and Szazhalombatta refinery sites.

In relation to the ongoing purchase of its own stock, the CEZ energy utility has topped a 5 % share of nominal value of its corporate stock and as of 28 August 2007 has over 29,749,000 pieces of its own shares that are registered on its accounts with the Prague Security Centre (SCP). It is the sum of the stock acquired in the framework of a share buyback and the stock owned by CEZ before this program was launched. CEZ has been carrying out the purchase of its own stock on the basis of a decision taken by its general meeting held on 23 April 2007 which, among other things, adopted a resolution on the acquisition of up to ten percent of the company's own stock. The buyback started on 30 April 2007.

CEZ has received a decision of the Romanian company SC Electrocentrale Galati SA which has qualified the company into the tender for the strategic partner for modernization of existing plant or/and construction of a new plant in Romanian Galati. CEZ Power Company is thus entitled to submit its final offer under this tender. The next steps and the date for the submitting of the final offer has not been fixed yet.

Market share of the CEZ Group for end customers is 44.5 %