Press releases pg. 2

ČEZ Group announces the acquisition of a 55.21% stake in GasNet, the leading gas distribution infrastructure operator based in the Czech Republic. Natural gas, and later also hydrogen, will play a key role in the future development of the Czech economy. Through this acquisition, ČEZ Group is securing a strategic position in the transformation of the Czech heat generation industry and its transition away from coal-powered energy generation towards the natural gas and later hydrogen. The ownership stake being sold is currently managed by Macquarie Asset Management, acting on behalf of managed funds. The completion of the transaction is subject to approvals by the European Commission and the Czech Ministry of Industry and Trade.

Earnings before interest, taxes, depreciation and amortization (EBITDA) reached CZK 124.8 bn, down 5% year-on-year. We exceeded our initial ambitions, mainly thanks to additional gains from commodity trading and reliable nuclear power plant production. Net Profit reached CZK 29.6 bn. Adjusted Net Profit reached CZK 34.8 bn, and the dividend policy in place indicates a dividend of CZK 39 to 52 per share. In 2024, CEZ Group expects EBITDA of CZK 115 to 120 bn and Adjusted Net Profit at CZK 25 to 30 bn.

* The Hodonín power plant stabilises year-round supply of electricity and heat
* This will be enabled by a new water-cooling method, using air in ventilator towers
* The currently employed flow-through cooling, using water from the river, had limited capacity, particularly in summer
* Biomass burning, which commenced in 2009, is now the main fuel
* The cross-border supply of heat to Holíč, Slovakia is unique European terms

After several months of testing, the brand-new cooling system at the Hodonín power plant has been transitioned into a one-year trial run. The advanced Israeli cooling-tower technology will cut cooling-water consumption by 97%, from 59 million cubic metres to less than 2 million per year. The ventilator cooling tower is broken up into 4 cells, each up to only 12.5 metres high, so that the facility does not disrupt the skyline. The Hodonín power plant is a low-emission ČEZ source that started to burn biomass in 2009.

Orano has signed a contract with the Czech electric utility ČEZ, a.s., for the supply of uranium enrichment services. The enriched uranium, once transformed into fuel, will be used in its Dukovany nuclear power plant. The signing took place today during a trip by the President of the French Republic, Emmanuel Macron, to the Czech Republic to strengthen bilateral cooperation, particularly in civil nuclear power.