Shareholders structure

• Shareholder Structure
• Shareholder Relations
• Dividends

 

Shareholder Structure

Total amount of the basic capital of the parent company ČEZ, a. s., registered in the Commercial Register at 31. 12. 2008 was CZK 59 221 084 300. It consists of 592 210 843 shares with a nominal value of CZK 100. All shares are fully paid, have a book-entry form, added to the owner and are registered. As to 31 12. 2008, the company held 59 171 105 pieces of its own shares, representing 9.99% of the company's basic capital.
In February 2009, ČEZ’s capital impairment was registered in the Commercial Register, to the amount of CZK 53 799 millions, i.e. by CZK 5 422 millions.

As at 31 December 2008, ČEZ, a. s. was aware of four entities with stakes of over 3% of the stated capital.
The first of these was the Czech Republic, represented by the Ministry of Finance of the Czech Republic and the Ministry of Laborand Social Affairs of the Czech Republic. During the year 2008, the Czech Republic's stake declined to 63.39% on the sale of someČEZ, a. s. shares previously owned by the State. The Czech Republic's share in the voting rights, on the other hand, rose to 70.43,
because the increase in the number of treasury shares held by ČEZ, a. s. exceeded the decrease in the number of shares held by the Czech Republic.

The Czech Republic's equity stake allows it to exercise direct control over ČEZ using conventional means, i.e. in particular by votingat General Meetings. Other shareholders are informed of any negative influence the controlling entity may have on the Companythrough the Related Parties Report which is a public document under Czech law and is included in the Annual Report. As an issuerof shares accepted for trading on the Prague and Warsaw Stock Exchanges, ČEZ, a. s. is required to regularly inform thementioned exchanges of all important events. The reports are made in the Czech, English and Polish languages and are alsoavailable to the public on the Company's website.

The second entity with a stake of over 3% in the stated capital of ČEZ, a. s. was the Company itself, with 9.99% of the state capital; of course, under Czech law this stake has no voting rights.

The third such shareholder was the asset manager UNI CREDIT BANK CZECH REPUBLIC, which managed the assets of 37 shareholders with an aggregate stake of 8.07% in the stated capital of ČEZ, a. s. and an 8.97% share in the voting rights of ČEZ, a. s. The fourth shareholder with a stake exceeding 3% of the stated capital was the asset manager Citibank EUROPE, whichmanaged the assets of 107 shareholders with an aggregate stake of 6.75% in the stated capital of ČEZ, a. s. and a 7.50% stake inČEZ's voting rights.

Individual shareholders' share of voting rights differs from their stakes in the Company's share capital due to the presence of treasury shares. As the treasury shares cannot be voted by the Company, the share of the voting rights belonging to all othershareholders is higher than their respective stakes in the share capital.

Shareholder Structure
	at 31. 12. 2005	at 31. 12. 2006	at 31. 12. 2007	at 31. 12. 2008
National Property Fund  (from Januray 1, 2006 The Ministry of Finance of Czech Republic)	67.612 %	67.61 %	65.99 %	63.39 %
Other legal entities	24.290 %	24.27 %	19.04 %	12.97 %
domestic	4.525 %	2.93 %	10.24 %	11.59 %
foreign	19.765 %	21.34 %	8.80 %	1.38 %
Private individuals	4.649 %	4.26 %	4.14 %	4.55 %
domestic	4.536 %	4.15 %	4.04 %	4.43 %
foreign	0.113 %	0.11 %	0.10 %	0.12 %
Asset managers	3.449 %	3.86 %	10.83 %	19.09 %

 

Shareholder Relations

ČEZ, a. s., proceeds in accordance with the provisions of the Commercial Code with respect to protection of shareholder rights.

ČEZ, a. s., convenes and runs General Meetings in full compliance with applicable law and ensures that General Meeting resolutions are put into practice. ČEZ, a. s. duly complies with its information disclosure requirements vis-á-vis shareholders. The company ensures that all shareholders receive equal treatment. The company ensures that investors receive quarterly reports updating them on the company’s performance and a list of dates when announcements will be made concerning earnings and General Meetings (convening, conclusions and resolutions), and when securities prospectuses will be made available. The fundamental rules that guide ČEZ, a. s., in disclosing information to investors are credibility, consistency and coherence.

Dividends

ČEZ, a. s. has been paying regular dividends to shareholders since 2001. Pay out takes place once per year. Rising dividends reflect the financial success of CEZ Group. Starting with the dividends for the fiscal year 2007, ČEZ, a. s. will be applying a new dividend policy under which it will pay out to shareholders 50-60% of the consolidated net income.

In 2008 and 2007, the company paid a dividend CZK 40 and CZK 20, respectively, per share.

Dividend payments of ČEZ, a. s.
Dividends for year	2001	2002	2003	2004
Gross dividend per share (CZK)	2,50	4,50	8,00	9,00
Payment date	1. 8. 02 – 31. 7. 07	1. 8. 03 – 31.7.08	2. 8. 04 – 31. 7. 09	1. 8. 05 – 31. 7. 10
Record date	11. 6. 2002	17. 6. 2003	17. 6. 2004	20. 6. 2005
Administrator	Česká spořitelna

Dividend payments of ČEZ, a. s.
Dividends for year	2005	2006	2007
Gross dividend per share (CZK)	15,00	20,00	40,00
Payment date	1. 8. 06 – 31. 7. 11	1. 8. 07 – 31. 7. 11	1. 8. 08 – 31. 7. 12
Record date	23. 5. 2006	23. 4. 2007	21. 5. 2008
Administrator	Česká spořitelna