CEZ Group

Tirana, Albania, March 11, 2009—The government of Albania and CEZ Group signed a contract for the sale of 76 percent of the shares of the Electricity Distribution Company of Albania (OSSH). CEZ was selected as the winning bidder by the tendering commission already in October 2008. The decision was then confirmed by the Albanian Government after further consultations. IFC, a member of the World Bank Group, advised the Albanian government on structuring the transaction and executing an open, transparent and competitive bidding process. The value of the contract for the majority stake in OSSH is €102 million. Following negotiations ended in today’s signing of the contract. The transaction is expected to be completed in next few months.

In the last year, the energy ČEZ Group realized a net profit at the amount of 47.4 billion CZK, which means an increase of 11 percent on the previous year, despite the negative influence of the rising financial crisis at the end of the last year. The increase was due to the rise in wholesale prices, higher share of power production from nuclear sources, reduction of running costs and results of the ČEZ Group´s activities abroad.

The agreement finalizing the block sale of 100% shares of the grid company SEDAŞ was signed between Prime Ministry Privatization Administration and Akkök-Akenerji-CEZ (AkCez) Consortium which won the tender with 600 million USD. The signing ceremony finalizing the sale and hand over of SEDAŞ was held on February 11, 2009, with the participation of top level management from Privatization Administration, Energy Market Regulatory Authority, SEDAŞ, Akkök Group, CEZ Group and Akenerji.

A consortium of Severočeské doly (a brown coal mining company), member of the CEZ Group, and J & T Group have placed a bid for 100 % share in coal mining company Mitteldeutsche Braunkohlengesellschaft mbH.

Bucharest – Today, in the presence of Mr. Varujan Vosganian, Ministry of Economy and Finances, CEZ Group and the Romanian companies Termoelectrica and Electrocentrale Galati have signed the Memorandum of Understanding for Galati project.

Customer requirements lead to enormous growth in investments in CEZ distribution network, which have increased by over 100 per cent within last three years and will exceed 10bn CZK next year In spite of its high density in European context, network of CEZ Distribuce somewhere manages to assimilate new connections only by supreme effort

Ankara, October 8, 2008 - Representatives of both Groups have signed a strategic partnership agreement about cooperation in Turkish power sector today. CEZ Group will buy the exact half of the Akkök Group's majority stake in Akenerji Elektrik Űretim A. Ş.

Today the power company CEZ has obtained the official notification of the Albanian Ministry of Power Engineering of the decision rendered by the commission established for evaluation of the bids submitted in the tender for the majority 76% share in the only Albanian distribution company Operatori i Sistemit te Shperndarjes (OSSH sh.a.).

Today, the CEZ utility company has submitted its offer within the privatization procedure concerning the majority interest (76 %) in the sole Albanian distribution company, the Operatori i Sistemit te Shperndarjes (OSSH sh.a.).

Warsaw, 16 September 2008. Today, the representatives of CEZ and the Polish state, i.e. State Treasury Secretary (skarbu państwa) Aleksander Grad, signed a contract on transfer of the state share in Elektrownia Skawina to CEZ. The transaction will be settled in the following days. For 25 % share + 1 stock, CEZ will pay the Polish state 92.6 million PLN which is almost 672 million CZK.