Press releases pg. 188

According to Article 15, Paragraph 4 of CEZ Articles of Association, the Board of Directors may appoint (co-opt) substitute members pending the next general meeting providing that the number of its members elected by the general meeting did not drop below a half.

Currently, the Dukovany Nuclear Power Plant is the biggest source of the power generating company, CEZ, a.s. It is also the only nuclear power plant operated in the Czech Republic. Although the design solution of the power plant comes from the seventies, it has been modernized and reaches very good results that put it into the first quarter of the world's power plants.

The process lasting for several months of preparation for the five-year, syndicated guaranty amounting to EUR 85 million in favor of the European Investment Bank (EIB) was completed this 28th April by ceremonial execution. The guaranty's arranger was The Sumitomo Bank, Limited, Japan. The annual guaranty fee will be 0.55 %. In addition to the Sumitomo Bank, Limited, the guaranty involves seven other banks.

The Board of Directors of CEZ decided at its irregular meeting on this 26th April to revoke CEZ General Manager Mr. Stanislav Svoboda. The current Executive Director for Economy Mr. Petr Voboril was appointed to manage the company pending the regular general meeting.