CEZ A.S.

Legal Proceedings Report • Sep 19, 2019

The court confirmed the obligation of CEZ Prodej to return the unjustenrichment to SŽDC

Today, the Municipal Court in Prague in appeal proceedings held in thecase of SŽDC's action for the return of unjustified enrichment,confirmed the judgment of the Prague 4 District Court from 5th February2019, which obliges ČEZ Prodej to pay SŽDC the amount of CZK1,115,954,341.40 plus interest and costs. SŽDC had previously paid it ascompensation for the contracted but not taken electricity in 2010. Thedeadline for payment is 3 days from the delivery of the written decisionof the Municipal Court in Prague and ČEZ Prodej will pay this amountwithin this period at the latest. Nevertheless, ČEZ Prodej disagreeswith the court's ruling and will file an appeal against it to theSupreme Court of the Czech Republic after receiving a written copy ofthe judgment.