Resultados de la Inspección, vigilancia y control a los establecimientos que

100% CEZ Deutschland GmbH 100% CEZ Finance B.V. 100% CEZ Finance Ireland Ltd. 100% CEZ Hungary Ltd.

100% CEZ International Finance B.V. 100% CEZ MH B.V.

100% CEZ Polska sp. z o.o.

100% CEZ Produkty Energetyczne Polska sp. z o.o. 100% CEZ Nowa Skawina S.A.

100% CEZ Trade Albania Sh.P.K. 100% CEZ Slovensko, s.r.o. 100% CEZ Trade Bulgaria EAD 100% CEZ Trade Polska sp. z o.o. 100% ČEZ Prodej, s.r.o. 100% CEZ Srbija d.o.o. 100% Energetické centrum s.r.o. 100% ČEZ Měření, s.r.o.

52.5% Ústav jaderného výzkumu Řež a.s. 100% Centrum výzkumu Řež s.r.o. 100% ČEZ Energetické služby, s.r.o. 100% ČEZ ICT Services, a. s. 100% ČEZ Logistika, s.r.o. 100% ČEZ Správa majetku, s.r.o.

99.99% CEZ Trade Romania S.R.L. 0.01% 99.9% ČEZ Obnovitelné zdroje, s.r.o. 0.1%

100% Bioplyn technologie s.r.o. 100% FVE Buštěhrad a.s. 100% KEFARIUM,a.s. 100% FVE Vranovská Ves a.s.

100% DOMICA FPI s.r.o.

100% eEnergy Ralsko - Kuřívody a.s. 100% AREA-GROUP CL a.s. 100% eEnergy Hodonín a.s. 100% ČEZ Zákaznické služby, s.r.o.

100% STE - obchodní služby, spol. s r.o. in liquidation 100% ŠKODA PRAHA a.s.

100% ŠKODA PRAHA Invest s.r.o. 100% ČEZ ENERGOSERVIS spol. s r.o. 100% Elektrárna Chvaletice a.s. 100% CEZ Ciepło Polska sp. z o.o. 100% GENTLEY a.s.

100% Bohemian Development, a.s. 100% eEnergy Ralsko a.s.

100% 3 L invest a.s. 76% CEZ Shpërndarje Sh.A. 100% TEC Varna EAD 100% CEZ Albania Sh.A. 100% CEZ Bulgaria EAD

100% CEZ Bosna i Hercegovina d.o.o. 67% CEZ Elektro Bulgaria AD

100% CEZ Elektroproizvodstvo Bulgaria AD 100% CEZ Laboratories Bulgaria EOOD

67% CEZ Razpredelenie Bulgaria AD 100% CEZ RUS OOO

100% CEZ Servicii S.A. 100% CEZ Ukraine CJSC

51% NERS d.o.o.

100% New Kosovo Energy L.L.C.

ČEZ, a. s.

% indicates controlling entity’s stake in the company’s stated capital

parent company

subsidiary in Central Europe subsidiary in Southeastern Europe associate or joint-venture

Financial Performance of CEZ Group / CEZ Group 67

As at December 31, 2010, CEZ Group encompassed a total of 137 companies (including the parent company ČEZ, a. s.), 96 of which were headquartered in countries of Central and Western Europe, 61 of them in the Czech Republic. The remaining 41 companies were headquartered in countries of Southeastern Europe and Eastern Europe and in Turkey. As at December 31, 2010, the CEZ Consolidated Group consisted of a total of 108 companies, 87 of which were fully consolidated and 21 associates and joint-ventures were consolidated by the equity method.

100% CEZ Silesia B.V. 100% CEZ Chorzow B.V.

100% Elektrociepłownia Chorzów ELCHO sp. z o.o.

100% CEZ Poland Distribution B.V. 100% Elektrownia Skawina S.A.

95% Ovidiu Development S.R.L. 5% 100%1) _{Tomis Team S.R.L. 1 share}1)

100% M.W. Team Invest S.R.L. 100% Taidana Limited

100%2) _{CEZ Vanzare S.A. 1 share}2)

100%2) _{CEZ Distributie S.A. 1 share}2)

100%3) _{CEZ Romania S.A. 1 share}3)

37.4% Akenerji Elektrik Üretim A.S.

99.99%4) _{Akenerji Dogal Gaz Ithalat 0.0025%}

Ihracat ve Toptan Ticaret A.S.

0.0025% 100%5) _{Ickale Enerji Elektrik Üretim ve Ticaret A.S.}

100% Aken B.V.

90% Akenerji Elektrik Enerjisi Ithalat Ihracat ve Toptan Ticaret A.S.

90% Akka Elektrik Üretim A.S. 90.07% AK-EL Yalova Elektrik Üretim A.S.

99% Mem Enerji Elektrik Üretim Sanayi ve Ticaret A.S. 99% Akkur Enerji Üretim A.S.

100%6) _{Egemer Elektrik Üretim A.S. 2 shares}6)

2 shares6)

45% Akcez Enerji A.S. 27.5%

100%7) _{Sakarya Elektrik 1 share}7)

Dagitim A.S.

1 share7)

100% ČEZ Distribuce, a. s. 100% ČEZ Distribuční služby, s.r.o. 100% ČEZ Teplárenská, a.s.

100% MARTIA a.s. 85% Teplárna Trmice, a.s.

19.6% Tepelné hospodářství 36.3% města Ústí nad Labem s.r.o.

100% PPC Úžín, a.s. 100% ČEZ Bohunice a.s.

49% Jadrová energetická spoločnosť Slovenska, a. s. 100% JESS Invest, s. r. o.

50% CM European Power International B.V. 100% CM European Power International s. r. o. 100% MOL - CEZ European Power Hungary Kft.

51% CM European Power Slovakia, s. r. o. 24.5%

100% ČEZ Energetické produkty, s.r.o. 100% Severočeské doly a.s.

100% SD - 1.strojírenská, a.s. 100% SD - Autodoprava, a.s. 100% SD - Kolejová doprava, a.s. 100% SD - Rekultivace, a.s. 92.7% SD - KOMES, a.s. 100% PRODECO, a.s. 50% JTSD - Braunkohlebergbau GmbH 100% Mitteldeutsche Braunkohlengesellschaft mbH

51.1% LOMY MOŘINA spol. s r.o.

1)_{In the case of Tomis Team S.R.L., ČEZ, a. s. owns 46,777,102 shares and CEZ Poland Distribution B.V. one share, out of a total of 46,777,103 shares. The}

respective stakes are: ČEZ, a. s., 99.999998%; and CEZ Poland Distribution B.V., 0.000002%.

2)_{In the case of CEZ Vanzare S.A. and CEZ Distributie S.A., ČEZ, a. s. owns 71,523,468 shares and CEZ Poland Distribution B.V. one share, out of a total of 71,523,469}

shares. The respective stakes are: ČEZ, a. s., 99.9999986%; and CEZ Poland Distribution B.V., 0.0000014%.

3)_{In the case of CEZ Romania S.A., ČEZ, a. s. owns 49,999 shares and CEZ Poland Distribution B.V. one share, out of a total of 50,000 shares. The respective stakes}

are: ČEZ, a. s., 99.9998%; and CEZ Poland Distribution B.V., 0.0002%.

4)_{In the case of Akenerji Dogal Gaz Ithalat Ihracat ve Toptan Ticaret A.S., Akenerji Elektrik Üretim A.S. owns 3,312,714 shares, CEZ Poland Distribution B.V.}

83 shares, and CEZ Silesia B.V. 83 shares, out of a total of 3,313,046 shares. The respective stakes are: Akenerji Elektrik Üretim A.S., 99.99%; CEZ Poland Distribution B.V., 0.0025%; and CEZ Silesia B.V., 0.0025%.

5)_{In the case of Ickale Enerji Elektrik Üretim ve Ticaret A.S., Akenerji Elektrik Üretim A.S. owns 46,601 shares out of a total of 46,605 shares. The stake of Akenerji}

Elektrik Üretim A.S. is 99.9914172%.

6)_{In the case of Egemer Elektrik Üretim A.S., Akenerji Elektrik Üretim A.S. owns 134,999,992 shares, CEZ Poland Distribution B.V. two shares, and CEZ Silesia B.V.}

two shares, out of a total of 135,000,000 shares. The respective stakes are: Akenerji Elektrik Üretim A.S., 99.9999944%; CEZ Poland Distribution B.V., 0.0000014%; and CEZ Silesia B.V., 0.0000014%.

7)_{In the case of Sakarya Elektrik Dagitim, Akcez Enerji A.S. owns 232,994,896 shares, CEZ Poland Distribution B.V. one share, and CEZ Silesia B.V. one share.}

68 CEZ Group / Financial Performance of CEZ Group