Press releases pg. 35

In terms of technical complexity, it will be one of the most demanding projects in the history of the Czech Republic, worth billions of crowns. The important project must not disrupt the operation of the key Czech emission-free power plant. Selected control and management systems will be partially renewed and upgraded by Westinghouse as their original supplier. Westinghouse has the greatest knowledge of its system, apart from CEZ itself, which strengthens the safe course of the upgrade.

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 extraordinary June fundraiser among ČEZ Group employees in support of the Moravian municipalities affected by the tornado yielded more than CZK 2.7 million. The ČEZ Foundation matched that amount, sending over CZK 5.5 million crowns for specific projects. The money will help primarily with expenditures not covered by insurance. Immediately after the event, the ČEZ Foundation released CZK 10 million in emergency aid. In total, ČEZ helped the people of the Břeclav and Hodonín regions with CZK 15.5 million.

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.