OpenLink

ČEZ, a. s. Selects OpenLink's Endur As Their Energy Platform

Czech Republic's Largest Energy Producer Chooses OpenLink's Endur

BERLIN, GERMANY, December 1, 2005 /Business Wire/ — OpenLink, a leading provider of energy and financial trading and risk management software solutions, announced today that ČEZ, a. s. has licensed Endur, OpenLink's energy transaction management solution. ČEZ, a. s. is the largest electricity producer and major economic entity in the Czech Republic. ČEZ, a. s. currently ranks among the top ten largest power utilities in Europe.

ČEZ, a. s. has chosen Endur to support their front-, middle-, and back-office energy trading activities, that include cross-border capacity handling. With the combination of Endur and OpenLink's Active Position Manager (APM), ČEZ can control their physical assets and trading positions. Utilizing Endur's seamlessly integrated modules allows ČEZ to reduce operational risk significantly. The implementation process is planned in two phases: Electricity Trading and Interfacing. Michal Skalka, Director of Trading at ČEZ, a. s. noted, "After a thorough evaluation of available vendor systems, we concluded that OpenLink's Endur and APM was the best-suited transaction and risk management solution for our requirements."

Wolfgang Ferse, managing director of OpenLink's Berlin office commented, "Welcoming ČEZ, a. s. not only enhances our existing client base but also opens a gateway to southern and eastern Europe."

Coleman Fung, founder and CEO of OpenLink also noted, "Forward-looking companies such as ČEZ, a. s. are very adapted to making strategic technology investments for their business needs, selecting a solution that cannot only satisfy today's requirements but also better prepare them for future challenges. We welcome ČEZ, a. s. to our growing family of progressive and rigorous clients that truly appreciate and leverage Endur's advanced capabilities. And we look forward to a long and productive partnership with ČEZ, a. s."

About ČEZ, a.s.

The ČEZ, a. s., joint stock Company, the heart of the ČEZ Group, is the biggest electricity producer in the Czech Republic, and it also operates a considerable part of Czech renewable energy sources. ČEZ, a. s., has transformed itself from a primarily production-oriented company into a production and sales-oriented company. The ČEZ Group covers various industrial areas ranging from the extraction of raw materials and electricity generation through to electricity distribution and trading. At the end of 2004, the Group comprised 97 companies; of which 34 were included in the ČEZ Group consolidated financial statements.

About OpenLink

Founded in 1992, OpenLink is a leading provider of energy and financial trading, risk management, and operations software solutions. The company's Next Generation eXtensible (NGX) platform supports the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes AMP Capital Investors, Austin Energy, Banco de México, Bank of America, Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury PLC, Bridgeline Holdings, Citigroup Global Market, Inc., Deutsche Bank, Edison Mission Marketing & Trading, Enbridge, Mirant, Nexen, Petróleos Mexicanos, Sequent, Shell, Statoil and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, and São Paulo, OpenLink employs more than 300 professionals worldwide.

Editorial Contact:

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197