Press releases pg. 24

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. The Board of Directors will propose a gross dividend amounting to CZK 40 per share (nominal value CZK 100), the same as last year. General meeting of Shareholders will take place on 27 June 2014.

The CEZ Group has exceeded the originally estimated results for 2013. Operating Profit Before Tax (EBITDA) decreased by 4.4% year on year to CZK 82.1 bn, exceeding the expected value by CZK 1.1 bn. Its Net Profit declined by 12.3% year on year to CZK 35.2 bn (CZK 0.2 bn above the expectations). The main factor behind the year-on-year decline is a major drop of the wholesale prices of electricity due to massive subsidies going into renewable energy sources, combined with a stagnating European economy and ongoing uncertainty concerning the regulatory environment in the energy sector. In 2014, the CEZ Group expects its EBITDA to reach CZK 70.5 bn and its Net Profit approximately at CZK 27.5 bn.

Since the 12th of February, ČEZ has been reporting its commodity exchange transactions and OTC commodity, interest rate and currency derivative transactions to a trade repository.

CEZ offered the City of Prague to make a shareholders’ agreement in connection with purchasing the shares of Pražská plynárenská Holding a.s. and Pražská plynárenská, a.s. from E.ON Czech Holding AG and then buying the natural gas trading and sales segment of Pražská plynárenská, a.s.