CEZ A.S.

Related Party Transaction • Jan 2, 2020

According to the 2013 agreement that put an end to the many years ofdisputes concerning coal deliveries from Vršanská uhelná, the Počeradypower plant has been sold, effective 2 January 2024. In exchange for theend-of-life power plant, handed over to SEV.en (formerly Czech Coal),ČEZ will get the fixed amount of CZK 2 billion. ČEZ had until the end of2019 to exercise its last option to revoke the sale. With a view tofurther steps of the European Commission, increasingly restricting coalutilisation in relation to a transition to an emission-free economy, ČEZchose not to exercise the option