Press releases pg. 79

INVEN CAPITAL, a company founded by the CEZ Group to invest in innovative energy solutions, has invested in Sonnenbatterie, a German company specialized in developing, manufacturing and selling battery based intelligent energy storage systems. Based in Bavaria, the company has developed a unique and reliable solution and has become a global leader in technologies for storing energy from solar panels and other renewable sources of energy for households and commercial clients. INVEN CAPITAL participated in a capital increase and joined Sonnenbatterie alongside with SET Ventures, Munich Venture Partners and eCAPITAL as a financial investor.

The energy company ČEZ decided not to exercise its first option to sell the Počerady power plant to Vršanská uhelná a.s., a mining company from the Czech Coal group. ČEZ will still have another chance to sell the plant as of 2024 if it decides to do so.

The Supervisory Board of ČEZ, a.s., at its meeting held today, elected Pavel Cyrani and Michaela Chaloupková to another four year term as members of the Board of Directors, commencing as of this October. "With the approaching end of the original mandate of both top managers, the Company has made it clear that it plans to have them serve in their positions in the future as well. This will ensure their continuity in key areas of the company's management," explained the chairman of the Supervisory Board, Prof. Václav Pačes.

Škoda Praha has won, in competition with nine companies, in a tender to select a supplier for a 250 MW block for a coal power plant in Pljevlja, Montenegro. The Czech solution offered the highest efficiency, availability and long-term knowledge in the sector. The value of the contract exceeds CZK 9 billion and will help restore the region's environment in accordance with European regulations.