Press releases pg. 81

ČEZ continues its intensive negotiations with bidders under its tender for the completion of Units 3 & 4, which started in early April 2013; nevertheless, there are still numerous open issues.

The two nuclear power plants in the Czech Republic repeatedly rank among the most reliable nuclear operations in the world. However, maintaining their safety and performance requires ongoing capital expenditures. This applies to all power plants anywhere in the world. Since the Dukovany and the Temelín nuclear power plants have been launched, ČEZ has invested nearly CZK 30 billion in upgrading these facilities. The capital invested has made hundreds of major and minor improvements possible.

ČEZ today notified the Albanian party of its decision to seek compensation for damage incurred due to its non-protected investment in the power distribution company of CEZ Shpërndarje, with the International Arbitration Tribunal according to the Energy Charter Treaty.

The Net Profit was up by 24 percent year on year (CZK 3.5 billion), reaching CZK 17.9 billion, which is the second best result ever recorded by the ČEZ Group in the first calendar quarter. Operating Profit Before Depreciation (EBITDA) rose by CZK 2.1 billion year on year (up by 8%) and ended at CZK 28.3 billion. The primary factor that contributed to the year-on-year profit growth was the termination of business activities in Albania combined with extraordinary profits from trading in emission allowances, and also Energotrans’ integration in the ČEZ Group. Thus, the ČEZ Group has so far successfully compensated the adverse trend of declining electricity prices and the unfavorable developments in the European energy sector.