CEZ Group

The EU market will grow by 10 per cent after the enlargement of the European Union by 10 countries. The electricity market within the European Union has been above 2 550 TWh level up to now, after the enlargement it will be almost 2 850 TWh. The Czech market has amounted to ca 54 TWh so far. CEZ, as the largest Czech power company, will make up for 2 per cent of the EU market.

There were 440 nuclear units in the world at the end of January, 2004, another 31 nuclear units are under construction in the world now. The "union nuclear family" is going to enlarge by another 19 units after the enlargement of the European Union by 10 new countries from May 1, 2004. The countries of the enlarged EU will then use 35.2 % of all operational nuclear units in the world. That also means strengthening of the position within the EU by 4.3 %. There were 136 nuclear units in operation in the countries of the original European fifteen.

Alan Svoboda has been elected a new member of the CEZ Board as from 27. 4. 2004 at today´s meeting of the Supervisory Board.

The first promotional locomotive in the Central and Eastern Europe a locomotive of the Czech Railroads called "Rainbow locomotive"-will transport ice-hockey players on the way between Prague and Ostrava during the 2004 Ice-hockey World Championship.

Power company CEZ´s comments on yesterday introduced notion of minister Urban about common course of action of MUS and CEZ in the SeveroÄŤeskĂ© doly (North-Bohemian Mines) privatization.

The CEZ Power Company reached a net profit of 13 931 billion CZK last year, which was 7.2 billion CZK up on the year before, i.e. 107.5% (audited non-consolidated results in accordance with the Czech Accounting Standards). This result was mainly due to the single income from the sale of 66% equity in CEPS (a transmission network operator), when the difference between the sale price and the residual value amounted to 12.5 billion CZK. The operating profit of CEZ rose by 0.7 billion CZK, i. e. by 8.6 per cent. This increase was positively influenced by the 5.1 billion CZK rise of returns from electricity sales, which CEZ generated despite the 6 per cent fall of sale prices of electricity at home.

Today´s special general meeting of the company SeveroÄŤeska Energetika, a.s., which was convened by the company board of directors by request of the majority shareholder Power Company CEZ, a. s., dealt with measures leading to an implementation of the approved outcome of the "Project REAS".

Today´s special general meeting of the company Severomoravska energetika, a.s., which was convened by the company board of directors by request of the majority shareholder Power Company CEZ, a. s., dealt with measures leading to an implementation of the approved outcome of the "Project REAS".