Press releases pg. 6

Alan Svoboda has announced that the public prosecutor informed him about bringing his case of alleged law breach during purchase of securities of the company to court. At the same time Svoboda announced his resignation from the membership in the Executive Board representing the broad management of entire CEZ Group.

At today's meeting, the Board of Directors of CEZ Power company has acknowledged the intention of Mr. Jiri Borovec, Vice-chairman of the Board and Executive Director for Power Generation, to leave the company as of December 31, 2007. Resignation from the position of Vice-chairman of the Board has to be acknowledged by CEZ's Supervisory Board.

In relation to the ongoing purchase of its own stock, the CEZ energy utility has topped a 5 % share of nominal value of its corporate stock and as of 28 August 2007 has over 29,749,000 pieces of its own shares that are registered on its accounts with the Prague Security Centre (SCP). It is the sum of the stock acquired in the framework of a share buyback and the stock owned by CEZ before this program was launched. CEZ has been carrying out the purchase of its own stock on the basis of a decision taken by its general meeting held on 23 April 2007 which, among other things, adopted a resolution on the acquisition of up to ten percent of the company's own stock. The buyback started on 30 April 2007.