Press releases pg. 142

Technological equipment of the Tusimice I power plant is being removed and a total demolition is under way in order to improve the state of the environment, the landscape physique, secure safety, and mainly by reason of preparing the locality for future industrial usage. The goal is to clean up and prepare the site, which has entire infrastructure, for future industrial usage.

Today representatives of the National Property Fund of the Czech Republic (FNM CR) and CEZ Power Company have signed Agreement about a purchase and sale of shares, under which CEZ is buying a 55,792 % share in Severoceske doly owned by FNM CR. By this step, CEZ will increase its present 37.31 % share in the company to 93.102 %. The purchase price amounts to 9,046m CZK.

In Bucharest today, the settlement of the privatization contract for acquiring the majority share in Electrica Oltenia S.A., which has thus become another foreign member of the CEZ Group, has been concluded.

CEZ Power Company has today submitted a bid for a purchase of the Montenegro thermal power plant Pljevlja and a 31.1% share in the mining company Rudnik uglja, A.D., which supplies the plant with fuel brown coal.