Press releases pg. 175

Yesterday was the official launch of the new CEZ "Rainbow logo" a graphic symbol of the Rainbow electricity which it had introduced recently. The Rainbow energy label stands for a wide range of various types of electricity which CEZ supplied to its customers, and which vary in terms of price and period of supply.

CEZ sent a letter to the Slovakian State Property Fund today, in which it expressed its preliminary interest in buying the offered 49% equity shares in three Slovakian distribution companies. These include three power companies: Zapadoslovenska energetika (ZSE - North Slovakia), Stredoslovenska energetika (SSE - Central Slovakia) a Vychodoslovenska energetika (VSE - East Slovakia).

Ludmila Petranova - a member of the CEPS Executive Board and the Director of the CEPS economic and finance section - was appointed General Manager of the company. The previous chairman of the Executive Board and General Manager of the company Ales Tomec was removed from his position as member and chairman of the Executive Board of the company by its 100% owner, CEZ Power Company. Consequently he also resigned from the position of General Director.

CEZ has already sold a total of 31.7 TWh for the next year, which accounts for 85 percent of the estimated amount of electricity supplied this year to the Czech market. CEZ has also already contracted more than 8 TWh of electricity for export.