CEZ A.S. — Capital/Financing Update 2026

May 19, 2026

Report Content CEZfixed the price of its inaugural European Green Bond RegS seniorunsecured notes

Prague,May 19, 2026 - CEZ, a. s. A3/A- emphasizes sustainability and theenvironmental impact of its business. In line with this strategy, itsinaugural European Green Bond RegS senior unsecured notes EUR750 million with coupon 4.375% due 2034, have been successfullyintroduced on capital markets. The notes are based on the SustainableFinancing Framework and on Programmatic European Green Bond Factsheet -the Factsheet.

CEZintends to allocate an amount equal to the net proceeds of the issuanceof Notes towards fixed assets and projects in accordance with thegradual approach set out in the European Green Bond Regulation and theFactsheet, with no part of such amount being allocated towards fossilfuels or fossil fuel-related assets and projects.

Thedeal was priced at a spread of 130 basis points above the referencemid-swap rate with a resulting issue price of 99.590%. The expectedissue date is May 27, 2026. The notes will be issued under theestablished EMTN Programme.

Barclays,Bank of China, Commerzbank, Deutsche Bank, Erste Group, HSBC, ICBC andING have acted as Joint Lead Managers. Deutsche Bank also acted asSustainability Structuring Coordinator.