Press releases pg. 93

In Prague on 13 December 2010 – the ČEZ Group will produce over extra 60,000 MWh of clean power in the horizon of 12 years in hydroelectric power plants compared to the current situation. An extensive program for increasing the efficiency of ČEZ hydroelectric power plants will enable covering of the annual demand of further 17 thousand households. At the same time it is an alternative to construction of renewable sources in new locations.

General Meeting of ČEZ, the power company, exchanged members of the Supervisory Board at its meeting today.

Net profit of the energy CEZ Group generated for three quarters of this year has dropped on a year-on-year basis as expected. The drop by CZK 7.1 billion to CZK 40.2 billion is however deeper than analysts expected. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached CZK 67.2 billion, which means a year-on-year decrease by 5.4%. Even in this case, the actual results surpass the analysts’ expectations.

The net profit of the energy ČEZ Group in the first half year fell year-on-year by 6.5 billion CZK to 28.7 billion CZK. Its EBITDA fell by 4.6 billion CZK. The fall in electricity prices was the main impact.