Press releases pg. 21

CEZ Group reports CZK 14.7bn as its net income in the first three quarters of this year. After adjustment for extraordinary effects that are generally unrelated to ordinary financial performance, its net income was CZK 16.7bn. Its EBITDA was CZK 43.8bn. Decreasing realization prices of electricity accounted for CZK 4.5bn of the year-on-year decrease of CZK 4.6bn.

In the first half of 2016 CEZ Group has achieved a net profit of CZK 13.8 billion, down by 10% year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled CZK 33.1 billion, falling by CZK 2.4 billion year-on-year. This has primarily been caused by the lower exercise prices of produced electricity. This influence has resulted in a year-on-year decline of CZK 3.2 billion.

CEZ Group’s net income in Q1 2016 was CZK 10bn, which is a 32% increase year-on-year. EBITDA grew by 5% year-on-year. The growth was achieved in spite of a further decrease in wholesale electricity prices, primarily thanks to the Company’s successful business strategy.

At today´s meeting the Board of Directors of the power company CEZ decided on date of General Meeting of Shareholders and on proposal of the sum of the dividend from the last year’s profit to be submitted to the General Meeting of Shareholders.