T-bill auctions

                                                           T-bill auctions            
 **Announcement**                                         **Results** 
 Security ID                    21203942                  Security ID                      21203942 
 ISIN                           CZ0001007751              Asked (bln)                      0.900000 
 Issuer                         MF                        Sold (bln)                       0.500000 
 Specification                  SPP 26T 11/09             MF retained (bln)                0.392575 
 Type of auction                American 
 Date of auction                04.11.26                  Maximum price                    98.995 
 Issue date                     06.11.26                  Minimum yield (% p.a.)           2.900 
 Maturity date                  12.03.27                  Average price                    98.989 
 Face value                     1000                      Average yield (% p.a.)           2.919 
 Total volume (bln)             0.25 - 0.5                Minimum price                    98.988 
 Auctioned (bln)                0.25 - 0.5                Maximum yield (% p.a.)           2.920 
 Limit yield (% p.a.)           ---                       Allocation at cut-off yld (%)    100.00000 
 Currency                       EUR 
 Deadline                       12:00 
                                                                                 
 Prices are calculated from the respective yields 
                                                                                 
 The T-bill issuance callendar can be found at 
 the MF web page HTTP://WWW.MFCR.CZ/