Press releases pg. 147

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.

CEZ Power Group will give flood stroke Bulgaria material aid in the amount of 3 million CZK. At the same time, Czech CEZ Group´s employees will collect money to help their colleagues in Bulgaria. CEZ will also provide a financial aid to Romania.

CEZ´s market capitalization exceeded a 11 bn EUR limit yesterday; this time it was supported by stronger exchange rate of CZK besides increasing share prices on the stock. The position of CEZ as one of the largest Central-European firms is continuously strengthening. The value of the share owned by the Fond narodniho majetku (National Property Fund) has increased by nearly 150 billion CZK since the end of last February, when the current company management were starting to form. Under current management, the total market value of the company has increased by 221.6 billion CZK to present 323.9 billion CZK for all share-holders.

The winning prices for single units are from 14.6 % to 15.1 % higher than this year´s wholesale electricity prices. The resulting average electricity price from the auction of the virtual power plant for 2006 so reached +14.82 % compared to the current price.