T-bill auctions

                                                           T-bill auctions            
 **Announcement**                                         **Results** 
 Code                           20403582     22105581     Code                             20403582    22105581   
 ISIN                           CZ0001002778 CZ0001002760 Asked (in CZK bln)               14.103      16.602     
 Issuer                         MF           MF           Sold (in CZK bln)                5.857       6.000      
 Specification                  SPP 52T      SPP 13T      MF retained (in CZK bln)         0.000       0.000      
 Type of auction                DUTCH        DUTCH 
 Date of auction                04.03.10     18.02.10     Maximum price                    ---         ---        
 Issue date                     05.03.10     19.02.10     Minimum yield (% p.a.)           ---         ---        
 Maturity date                  04.03.11     21.05.10     Average price                    98.62387    99.73529   
 Face value (in CZK)            1000000      1000000      Average yield (% p.a.)           1.38        1.05       
 Total volume (in CZK bln)      6            6            Minimum price                    ---         ---        
 Auctioned (in CZK bln)         6            6            Maximum yield (% p.a.)           ---         ---        
 Limit yield (% p.a.)           ---          ---          Allocation at cut-off yld (%)    100.00000   77.52988   
 Limit price (in CZK)           ---          --- 
 Deadline                       12:00        12:00