Press releases pg. 28

The ČEZ Energy Group achieved a net profit in the amount of 32 billion CZK in the first term of this year, which is an interim increase by 11 % per cent. In particular, sale of electric power for this year already in 2008 before decrease of prices due to the starting recession contributed to increase of the net profit. Despite the overall drop of electric power consumption due to the continuing economic crisis, there still has been an interim improvement of profits. However, this was affected in 2nd quarter when there was an interim decrease of profit by 5 per cent. We still expect the annual net profit to be on the level of 50.2 billion CZK.

Energy company CEZ has agreed on the purchase of ca 49% stake in Prazska teplarenska (Prague's major heat supplier) from its new owner, J&T Group, that acquired the stake in cooperation with Dalkia among other energy assets put on sale by International Power.

CEZ has stepped into the wholesale natural gas market by execution its first trade with this commodity today. Concretely CEZ has entered the UK NBP natural gas market through the ICE (InterContinental Exchange) in London.

CEZ Power Company today completed a buyback of its stocks under so called „Share buy back program“. Until today, CEZ has bought 58 132 355 its own shares, which represents 9,816 % of the total volume. As CEZ had owned a part of the shares already before the program was commenced, it currently has a total of 9,998 % of its own shares on its account. CEZ was buying back its shares according to the decision of the general meeting on April 23, 2007, which, among others, passed a resolution to acquire up to 10 per cent of the company’s own shares. The buy back started on April 30, 2007.