CEZ A.S. — Capital/Financing Update 2020

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