Regulatory announcements pg. 20

Today, CEZ Group signed an agreement with Torunlar Enerji Sanayi ve Ticaret A.Ş. and with Başkent Doğalgaz Dağıtım Gayrimenkul Yatırım Ortaklığı A.Ş. (Torunlar Group) on the sale of its 50% stake in AKCEZ Enerji A.Ş. (AKCEZ), owned in a joint venture together with the Turkish partner AKKÖK Holding A.Ş. (AKKÖK). AKCEZ comprises of three subsidiaries that deal with electricity distribution, energy sales and energy services. The transaction is subject to approval by the Turkish antitrust authority and the local energy regulator. The settlement of the transaction is also subject to having an agreement on financing.

CEZ has signed a credit agreement with the Ministry of Finance of the Czech Republic for up to EUR 3 billion. This credit agreement allows CEZ to strengthen its liquidity position. It is now at a record high level, however, due to extreme changes in gas and electricity prices, it is necessary to prepare for further extraordinary growth of funds to secure trades in energy commodities in the coming months. This is another step taken by the state and CEZ to strengthen the Czech Republic’s energy security.