We have examined the accounting information included in the 1997 annual report and the financial statements of CSA for the year ended 31 December 1997. The scope of our audit work was limited to the examination of whether the accounting information included in the annual report was consistent with the financial statements.

In our opinion the accounting information included in the annual report is consistent with the audited financial statements. As the auditor of the company, we submitted our audit opinion on the 1997 financial statements to the management of the company in May 1998. The wording of our audit opinion was as follows:

We have audited the accompanying financial statements of CSA for the year ended 31 December 1997. These financial statements are the responsibility of the Company's Board of Directors. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the Act of ENR no. 542/1992 Coll. on Auditors and the Chamber of Auditors of the Czech Republic and the auditing standards of the Chamber of Auditors of the Czech Republic. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes an examination, on a test basis, of evidence supporting the amounts principles used and significant statements. An audit also includes an assessment of the accounting principles used and significant estimates made by management, as well as an evaluation of the overall financial statements presentation. We believe that our audit provides a reasonable basis for our opinion.

During our audit of financial statements we have not identified any matters which would suggest that the accounting records, on the basis of which the financial statements have been prepared, are not complete, supportable and correct in all material respects.

In our opinion, the financial statements present fairly , in all material respects, the assets, liabilities, equity and the financial position of CSA as of 31 December 1997 and the results of its operations for the year then ended in accordance with the Act on Accounting No. 563/1991 Coll.

Prague, 18 June 1998

Ernst & Young Audit s.r.o. Prague Licence KA CR No. 137

Jan Jindrich M.Sc. Auditor Licence No. 1133