Orano signs a contract with the Czech electric utility ČEZ for the supply of uranium enrichment services pg. 169

The gross profit of the company increased by 2 per cent and reached the amount of 7.7 billion CZK, but its net profit dropped by 16%, to 5.4 billion CZK, which was due to the higher income tax deposits the company had been paying.

In relation to the forthcoming integration between CEZ and the eight distribution companies, the CEZ Power Company plans to establish a new section within the company administration structure, as of January 1, 2003. This new section will focus chiefly on distribution. The management of the distribution section is to be entrusted to Mr Henning Probst. However, these changes are conditional on an approval from the Authority for Economic Competition Protection, stationed in Brno, which is now assessing the planned interconnection between CEZ and the distribution companies.

A new administrative building of CEZ headquarters was awarded the title "Building of the year 2002". This award is traditionally given to the investor, architect and major supplier of the construction.

Yesterday, the Board of Directors of CEZ Power Company appointed Mr David Svojitka the executive director for finances and administration of the company, as of October 15, 2002.