Press releases pg. 5

EBITDA in Q1-Q3 reached CZK 95 bn, up by 6% year on year. The year-on-year comparison is affected by the extreme rise in commodity market prices following Russia’s military invasion of Ukraine last year and the subsequent introduction of a levy on excess revenues from generation. Net Income for Q1-Q3 reached CZK 29.8 bn, down by CZK 22.5 billion year-on-year. The decrease was caused by the newly introduced windfall tax of 60 percent, which increased this year’s costs by CZK 21 bn. CEZ Group raises its full-year 2023 EBITDA outlook to CZK 115 to 120 billion and confirms its net adjusted profit outlook of CZK 33 to 37 billion. This year, CEZ Group will pay CZK 118 to 125 bn to the Czech state in dividends, income taxes and a levy on excess revenues, which is over CZK 5 bn more than the company’s guidance of August 11.

CEZ Group has brought home a win from the prestigious Reuters Responsible Business Awards 2023 in the Reporting and Transparency category. Among competition with 91 other projects nominated for this category, the expert jury chose the CEZ online Data Library, which maps nearly 1,800 ESG indicators and which is accessible to the public, as the undisputed winner. More than 700 companies from all over the world participated in this global competition focused on sustainability. The victory confirms previous success of the ESG Data Library in the international Sustainable Company Awards 2023 in September, a competition organised by the professional portal Environmental Finance.

CEZ Group's Elektrárna Dukovany II (EDU II), a wholly owned subsidiary of ČEZ, has received final bids for the construction of a new nuclear power plant in Dukovany from three bidders. The suppliers submitted a binding bid for Dukovany Unit 5 and non-binding bids for the other three units. US-Canadian Westinghouse, French EdF and Korean KHNP had until 11 a.m. today to submit their bids. EDU II will now evaluate the bids from economic, commercial, and technical points of view. The evaluation model is set up on the basis of recommendations from the International Atomic Energy Agency (IAEA).

Elektrárna Dukovany II, a wholly owned subsidiary of CEZ Group, has received a zoning decision for the new nuclear power plants at the Dukovany site from the Ministry of Industry and Trade. For ČEZ, this decision marks another key milestone in the development of new nuclear power plants and the continuation of further licensing and permitting procedures.