Press releases pg. 18

The contracts for a turn-key delivery of a coal power plant, signed today by the contracting entity and the investor, Elektropriveda Crne Gore A.D. of Montenegro, and the General Contractor tender winner, ŠKODA PRAHA a.s., a member of CEZ Group, brought to fruition several years of the Czech corporation’s effort to strengthen energy self-sufficiency of Montenegro.

Today the ČEZ Group officially filed a Request for Arbitration against the Republic of Bulgaria with the International Centre for Settlement of Investment Disputes (ICSID), by which it officially commenced international investment arbitration proceedings due to Bulgaria’s failure to observe the investment protection provisions of the Energy Charter Treaty. It decided to take this step following a number of actions of Bulgarian authorities damaging ČEZ companies in Bulgaria, causing the long-term critical situation on the local energy market that is not improving. The claim amounts to hundreds of millions of Euros.

● INVEN CAPITAL, the venture capital arm of the international energy conglomerate CEZ, invests in tado°, the European market leader in intelligent home climate control ● Smart thermostats are leading the smart home sector / market potential in Europe alone over 2 billion Dollars by 2019. ● tado° among the world's best funded IoT startups / Venture capital rises to 57 million Dollars ● Focus remains on being the leader in intelligent home climate control / planned expansion of services and increased international growth

ČEZ IS ONE OF A FEW LARGE ENERGY COMPANIES THAT IS STILL MAKING MONEY. BUT ITS PROFIT IS DECLINING TOO, AS THE PRICE OF ELECTRICITY DECLINES. THE MAIN REASONS ARE THE LOW PRICES OF COMMODITIES, ESPECIALLY OIL, AND THE SITUATION WITH SUBSIDIZED ENERGY SOURCES. THESE ARE REVOLUTIONARY CHANGES, SAYS DANIEL BENEŠ. (Interview for Hospodarske noviny)