Press releases pg. 150

CEZ Power Company has signed an agreement about privatization of a Romanian distribution company Electrica Oltenia in Bucharest today.

A modern coal-fired plant (owing to very low emissions) does not need a chimney any more. There is a radical modernization in store for the Tusimice Coal-fired Plant. CEZ has today informed representatives of the region about its plan for the plant renewal right in Tusimice. Jiri Borovec, a member of the CEZ Board and Director of the Production Division, said at the gathering: "There are only a few more years of operation for most of our existing coal-fired plants. We are beginning to work at their renewal and we must talk about that with the representatives of the region as well. The Tusimice Plant is the first to be renewed."

Yesterday CEZ Power Company submitted a tender for a purchase of the majority share in United Energy, a.s.

CEZ Power Company has today waived to the Office of Fair Trading (UOHS) its memorandum against UOHS´s decision from March 10 2005, which allows CEZ to keep its majority share in Severoceska energetika.