Press releases pg. 21

Its EBITDA in Q1 reached CZK 32.5 billion. The year-on-year decrease of CZK 11.1 billion was mainly due to extraordinary profits of over CZK 10 billion in 2022. This is due to the extreme increase and fluctuations in commodity prices following Russia's military invasion of Ukraine, the implemented liquidity measures and record profits from commodity trading last year. Net income in Q1 reached CZK 10.8 billion, a year-on-year decrease of CZK 15.9 billion. Beyond the decrease in operating profit, the newly introduced windfall profits tax of 60% had a major impact. CEZ Group specified its financial outlook for the entire year 2023: An EBITDA of CZK 105 to 115 billion and a net income of CZK 33 to 37 billion. The ČEZ Board of Directors approved the dividend proposal in a record amount of CZK 117 per share and set the date for the Annual Shareholder’s Meeting at June 26, 2023 in Prague. If the proposed dividend is approved by the Annual Shareholders’ Meeting, CEZ Group will pay more than CZK 100 billion to the Czech state this year in dividends, income taxes and levies from excessive production sales.

*3 May is International Sun Day
*ČEZ Group has been operating solar power plants continuously for almost a quarter of a century
*Their manufacture means 18,000 tonnes of CO2 were not emitted into the air this year
*New solar parks with capacities of thousands of MW will be built in the coming months and years
*Roof installations from ČEZ Prodej and ČEZ ESCO also help protect the environment Photovoltaic power plants operated by ČEZ Group in the Czech Republic produced 18.7 million kWh of emission-free electricity in the first quarter of this year. This saved 17,000 tonnes of coal and prevented the release of more than 18,000 tonnes of CO2 into the air. Since 2009, ČEZ photovoltaics have saved 1.4 million tonnes of coal, while 1.5 million tonnes of CO2 have not been emitted into the air thanks to their emission-free generation. These are the impacts that would be required to generate the same amount of energy in conventional power plants.

Tonight, Temelin Unit 1 began to reduce its power slowly. Operators will shut down the Unit for scheduled equipment checks and refuelling on Friday evening. During the outage, technicians will conduct 82 dozens of investment actions related to the plant's modernization. In total, ČEZ has nearly 16,000 activities planned for approximately two months during the outage.

*Komerční banka from the Societé Génerale group has a photovoltaic system on the roof of its Prague headquarters

*210 panels will generate almost 100 MWh of electricity per year and reduce CO2 emissions by 36 tonnes

*The “Photovoltaic System for 1 CZK” model, which allows a customer to purchase a power plant without investment costs, was used for the installation

This helps Komerční banka get closer to its goal of becoming carbon neutral by 2026. The installation work has already been completed by ČEZ ESCO, which focuses on energy-efficient and climate-friendly solutions for companies, municipalities and the public administration. The photovoltaic power plant at Komerční banka’s headquarters in Prague’s Stodůlky district has more than 200 panels and produces almost 100 MWh of emission-free electricity annually.