Press releases pg. 9

CEZ Group has joined the approximately 1,000 companies around the world that will assess the impact of their business on the environment, landscape, ecosystems, and biodiversity in accordance with the recommendations and assessment criteria of the Task Force on Nature-related Financial Disclosures (TNFD). At the end of last year, the TNFD released a methodology for companies to financially assess not only their impacts on nature, but also the financial benefits of functional ecosystems for their business. Some investors and financial institutions already require companies to quantify their impacts, and such reporting is also included in the European legislation on sustainability (the CSRD). A list of all the initial supporters who have pledged reporting in accordance with the TNFD, as CEZ has done, was published at the current meeting of the World Economic Forum in Davos.

On February 8, 2023, ČEZ formally initiated arbitration against Gazprom export LLC by filing a Request for Arbitration under the arbitration rules of the International Chamber of Commerce (ICC).

The investor group engaging with CEZ Group in the framework of Climate Action 100+ (Generali Investments, Robeco) have welcomed the announcement that the Science Based Target Initiative has validated overall net-zero, near-term and long-term science-based emission reduction targets of the CEZ Group as being aligned with a “1.5°C” Paris Agreement goal.

Today, the sale of CEZ Group’s 50% stake in AKCEZ Enerji A.Ş. (AKCEZ), owned in a joint venture together with the Turkish partner AKKÖK Holding A.Ş. (AKKÖK), to Torunlar Enerji Sanayi ve Ticaret A.Ş. and Başkent Doğalgaz Dağıtım Gayrimenkul Yatırım Ortaklığı A.Ş. (Torunlar Group) was completed. The sales agreement was signed in July 2022, the transaction was subject to approval by the Turkish antitrust authority and the local energy regulator. AKCEZ comprises of three subsidiaries that deal with electricity distribution, energy sales and energy services.