Press releases pg. 130

The Board of Directors of CEZ Power Company decided to revoke the tender for the sale of Dvur Kralove heating plant and to terminate its sale.

The Russian company TVEL will become a new fissionable fuel supplier for Temelin Nuclear Power Plant from 2010. In that year the contract with the American firm Westinghouse expires. The contract of fissionable fuel supply for two VVER-1000 reactors of Temelin Nuclear Power Plant has been concluded by the representatives of CEZ, a.s. and the Russion corporation TVEL today. The contract has been signed by Jiri Borovec, Vice-Chairman of the Board and director of production division, and Daniel Beneš, Vice-Chairman of the Board and director of administration division, on behalf of CEZ and Anton Badenkov, deputy president of the company, on behalf of TVEL.

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 (non-consolidated), which is going to be submitted to the general meeting on 23rd May 2006. The Board is going to propose a gross dividend in the amount of 15 CZK per share (nominal value 100 CZK).

CEZ Power Company, has today sent, within a privatization tender, an improved offer for a 67.5 % share in the Romanian distribution company Electrica Muntenia Sud S.A.