Press releases pg. 77

Operating Profit Before Depreciation (EBITDA) for the first half of this year reached CZK 35.5 bn while Net Profit adjusted for extraordinary items reached CZK 15.7 bn. Despite the continuing decline in the electricity selling prices, Operating Revenue rose to CZK 102.9 bn, primarily due to growing volumes of power, gas and heat sold to end customers. CEZ Group expects to generate a Net Profit adjusted for extraordinary items at CZK 27 bn by the year end.

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.