Press releases pg. 166

Power Company CEZ has chosen BNP Paribas and Merrill Lynch as joint chief managers of the forthcoming issue of eurobonds.

Today´s special general meeting of the company Zapadoceska 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".

The second out of four units of the Orlik hydropower plant was successfully put into operation and handed over under the control centre regulation, on Saturday 7 February at 1.15 p.m.

Representatives of the CEZ power company management and 22 trade union units of CEZ have signed a collective agreement for 2004- 2006 today.