Press releases pg. 144

The net profit of CEZ Group reached an amount of 11 billion CZK and is 39 % up on last year

CEZ Power Company used the opportunity to submit an offer for gaining 55.792 % of Severoceske doly stakes and delivered a binding and irrevocable proposal for concluding an agreement about a purchase of stakes of Severoceske doly a.s. to the National Property Fund of the Czech Republic (FNM), who is the present owner of the stocks.

CEZ Company has today concluded the wholesale auction for electricity supplies in 2006. The auction was called after the recent auction of the virtual power plant, which had been ordered by UOHS (Office of Fair Trading), and proved a hunger for electricity in the Czech Republic again. The total electricity sales, including contracts that have been concluded about the virtual power plant, has increased by 1.6 TWh i.e. 4.1 % on last year. Based on the high demand and convenient structure of demanded products, CEZ has been able to reduce next year´s wholesale electricity prices for all prospective buyers compared to indicative prices introduced originally. The total year-on-year increase in a price of demanded volume in a particular structure is 14.3 %. The price is in accordance with the price level, which had already been given by the previous auction of the virtual power plant.

CEZ continues the privatization tender by submitting another bid for the Polish power company Dolna Odra. CEZ Power Company first bid for a fully 10 % share at the end of this year´sApril, and consequently it has been included in the short list of six parties concerned.