CEZ has agreed to accelerate its remaining payments to the state for the recently acquired stakes in regional power distributors. CEZ has agreed to pay CZK 3.735 bil. in October 2003, brought forward from the original payment date in July 2006. Thereafter, CEZ will pay CZK 3.735 bil. in June 2004, and the same amount in June 2005, as per the original payment schedule.