T-bill auctions

                                                           T-bill auctions            
 **Announcement**                                         **Results** 
 Code                           21112824     21812823     Code                             21112824    21812823   
 ISIN                           CZ0001006126 CZ0001006118 Asked (in CZK bln)               2.120       13.278     
 Issuer                         MF           MF           Sold (in CZK bln)                0.120       0.778      
 Specification                  SPP 7T       SPP 13T      MF retained (in CZK bln)         0.000       0.000      
 Type of auction                Dutch       Dutch 
 Date of auction                22.10.20     17.09.20     Maximum price                    ---         ---        
 Issue date                     23.10.20     18.09.20     Minimum yield (% p.a.)           ---         ---        
 Maturity date                  11.12.20     18.12.20     Average price                    99.98639    99.96210   
 Face value (in CZK)            1000000      1000000      Average yield (% p.a.)           0.100       0.150      
 Total volume (in CZK bln)      0 - 10       0 - 10       Minimum price                    ---         ---        
 Auctioned (in CZK bln)         0 - 10       0 - 10       Maximum yield (% p.a.)           ---         ---        
 Limit yield (% p.a.)           ---          ---          Allocation at cut-off yld (%)    100.00000   100.00000  
 Limit price (in CZK)           ---          --- 
 Deadline                       12:00        12:00 
                                                                                 
 The T-bill issuance callendar can be found at 
 the MF web page HTTP://WWW.MFCR.CZ/ 
                                                                                 
 Prices are calculated from the respective yields