Press releases pg. 7

• The Elevion Group comprises 54 companies in 9 countries, employing more than 4,100 people.

• In total, the Belectric Group has completed more than 400 photovoltaic projects with a capacity of more than 4 GW and provides services on 2.2 GW of power plants.

• Belectric GmbH and other European parts of Belectric will become one of the flagships of Elevion Group’s expansion in the solar market.

• For Belectric, the merger with the Elevion Group means the possibility of significant synergies in the advanced energy solutions sector and access to new customers.

The subject of the acquisition is a 100% stake in the German-based Belectric GmbH and other European parts of the Belectric Solar & Battery Group holding, such as Belectric France SARL, Belectric Solar Ltd, Belectric Italia SRL, as well as Belectric Israel Ltd. The group develops, designs, builds, and services photovoltaic power plants. The acquisition is in line with the Elevion Group’s strategy that envisages covering the entire business chain in the field of climate-neutral solutions.

ČEZ successfully met the conditions of the ISO 37001:2016 anti-bribery management systems certification, focused on preventing corruptive behaviour. Due to the covid epidemic, the certification process stretched over nearly two years. ČEZ is the first partly state-owned company and the first energy company in Central Europe to achieve compliance with the international standard. Minimisation of the risk of corruption and expanding effective measures to prevent and address problems related to corruption is a key criterion in the ESG assessment of a company’s management.

ČEZ, a. s. with its seat at Prague 4, Duhová 2/1444, the Czech Republic (“CEZ”), is currently considering the disposal of its Bulgarian subsidiary CEZ ESCO Bulgaria EOOD, Id. No. 204 51 65 71, with its registered office at Sofia, Mladost District, 159 Tsarigradsko Shosse Blvd., BenchMark Business Centre, Post Code 1784, Bulgaria (the “Subsidiary”), indirectly owned by CEZ through its subsidiary CEZ Bulgarian Investments B.V., having its registered office at Herikerbergweg 157, 1101 CN Amsterdam, the Netherlands, and will be seeking submission of binding offers for acquisition of 100 % ownership interest in the Subsidiary (the “Transaction”).

The Inven Capital venture capital fund has officially become the first holder of a carbon-neutral business certificate in ČEZ Group. It has purposefully tracked and reduced its carbon footprint since 2018, and last year it joined the European Leaders for Climate Action initiative, whose members are committed to climate neutrality and to promoting the principles of sustainability in business. The ČEZ Group signed up for carbon neutrality back in 2015 as part of the Paris Agreement and announced a significant acceleration of its transition away from coal, as part of its new Vision 2030 this May.