Press releases pg. 63

INVEN CAPITAL has become a shareholder in the Dresden-based company Cloud&Heat Technologies, which provides a unique solution that uses server heat for hot water and heating purposes in commercial buildings. This solution reduces data center operating cost by 50% relative to a conventional solution.

Further to the announcement on 29th March 2017, CEZ MH B.V., a wholly owned subsidiary of ČEZ, a. s., has announced that it has conditionally sold 7,651,168 shares in MOL Hungarian Oil and Gas Plc (“MOL”) (ISIN: HU0000068952) equal to approximately 7.5% of the share capital of MOL (the “Equity Placing”). The final placing price determined via a bookbuilding process was HUF 18,700 per MOL share, with preliminary proceeds of approximately HUF 143.1 billion.

ČEZ Group reports 2016 net income of CZK 14.6 billion. Adjusted for extraordinary effects generally unrelated to the year’s ordinary financial performance, its net income was CZK 19.6 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were CZK 58.1 billion (a decrease of CZK 7 billion year-on-year, of which CZK 6.1 billion was due to decreased realization prices of generated electricity). The proposed dividend for 2016 is CZK 33 per share.

ŠKODA PRAHA has selected General electric (GE) as a partner to an agreement which outlines conditions of the cooperation between the two companies on the project in Montenegro - construction on turn-key basis of the coal-fired power plant TPP Pljevlja II. The companies agreed to work as partners aiming to construct the power plant TPP Pljevlja II and also help final customer Elektroprivreda Crne Gore (EPCG) to find a suitable financing for the project. By the end of February 2017 ŠP expects to present EPCG a final proposal of the financial structure and financing conditions for the project.