Komercni Banka A.S.

Investor Presentation • May 7, 2014

Financial results as of 31 March 201Komerční banka Group4

According to International Financial Reporting Standards, consolidated, unaudited

Prague, 7 May ²⁰¹⁴

Disclaimer

This document contains a number of forward-looking statements relating to the targets and strategies of the banka Group. These statements are based on a series of assumptions, both general and specific. As a result, there is a risk that these projections will not be met. Readers are therefore advised not to rely on these figures more than is justified as the Group's future results are liable to be affected by a number of factors and may therefore differ from current estimates.looking Komerční

Readers are advised to take into account factors of uncertainty and risk when basing their investment decisions on information provided in this document.

Results and ratios in this presentation are as of 31 March 2012014, unless stated otherwise.

Komerční banka, a.s., public limited company with registered office: Prague 1, Na Pregistered in the Commercial Register maintained by the Municipal Court in Prague, Section B, file 1360říkopě 33/ 969; identification number: 45 31 70 54;

Agenda

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1 9
2 3

Czech economy

• Firm recovery. GDP in 4Q 2013 rose by 1.8% QoQ, +1.2% YoY (partly affected by one-offs), main contribution came from gross fixed capital formation (+5.1% QoQ, +2.7% YoY)
• In 1Q 14 industrial and construction production rose, exports and trading surplus expanded, unemployment improved, retail sales strong
• The economic rebound not yet reflected in better demand of corporations for loans. Consumer lending already improving
• Core inflation marginally positive thanks to CNB intervention. March CPI at 0.2% YoY and lack of demand-pull inflation present no base for short-term change in monetary policy
• CNB 2W repo rate maintained at 0.05% since November 2012. Long-term (10Y) CZGB yield dropped below 2.0% as a consequence of flight to safety in the CEE region

Real GDP outlook (YoY, %)

Source: CSO, 2014−2015* KB Economic & Strategy Research forecasts

Retail sales (YoY, %)

Sources of data: Czech Statistical Office, KB

Komerční bankain the first quarter of 2014

Good business performance

Gross loans up 2.7% driven by mortgages. Recovery in consumer loans ■ Deposits +8.4% increasing in all segments, mainly in corporate Solid growth in non-bank AUM (life insurance, mutual funds, pension funds) • Number of clients rose by 8,700, with improving trend in 1Q 2014 Strong sales of retail products. Sales of MujUcet account packages for individuals doubled, sales of small business packages up by 50%, mortgage sales rose by 26% • Contactless payments in vending machines introduced

Solid financial results

Revenues -0.6% as growth in business volumes was offset by low market interest rates, intense competition and delayed pick-up in business lending ■ Operating costs +0.3%. Cost-to-income at 41.3% ■ Cost of risk +10.2% in comparison with low 2013 base Net profit CZK 3,081 million, down 2.1% Basel III Core Tier I ratio at 16.2% including 2013 retained earnings ■ LCR safely above the required level Net loans-to-deposits ratio 74.7%

Note: year over year comparisons, results for the first three months of 2014

Selected deals of the first quarter

CZK 4,100,000,000

Acquisition financing of 49,35 % share in Pražská plynárenská, a.s.

KB as Mandated Lead Arranger

CZECH REP.

CARTHAMUS a.s.Senior Term Loan Facility Senior Term Loan Facility Agreement

CZK 430,000,000

KB as Sole Arranger and Leader

CZECH REP. April 2014

Czech Gas Holding Investment

Term Loan Facility Agreement

share in NAFTA, a.s.

CZK 430,000,000CZECH REP. April 2014Acquisition financing of ca 40% EUR 105,200,000KB as Mandated Lead Arranger, Coordinator, Facility AgentCZECH REP. April 2014

Ondřejovická strojírna, a.s.

Export Letter of Credit

CZK 175,000,000

Complex bank services provider

CZECH REP. 26 Mar 2014

GA ENERGO TECHNIK S.R.O.

Bank Guarantee

CZK 112,000,000

Complex bank services provider

CZECH REP. 5 Mar 2014

Investment and Revolving Facility

CZK 120,000,000

Complex bank services provider

CZECH REP. 26 Mar 2014

Lending to clients

• Gross loans rose 2.7% YoY*, -1.3% QoQ. Growth driven by mortgages, recovery in consumer lending
• Mortgages to individuals up 10.0% YoY to CZK 147.8 billion
• Loans from Modrá pyramida down 12.7% YoY to CZK 42.1 billion affected by MPSS agents selling more KB mortgages
• Consumer loans provided by KB and ESSOX up by 6.4% YoY to CZK 28.8 billion
• Business loans up 1.1% YoY*, of which:
• Small businesses (KB) -1.3% to CZK 28.1 bil.
• Corporations (incl. Factoring KB) +1.1%* to CZK 212.1 billion
• SGEF +4.0% to CZK 21.2 billion
• Irrevocable off-balance sheet commitments at CZK 131.9 billion

CZK billion

Sales volume of mortgages to individuals

⁷ * Slight contribution to the CZK YoY growth rates of loans and deposits (mainly in corporate segments) from revaluation of foreign currency denominated instruments, following CZK depreciation after CNB intervention in November 2013

Deposits and assets under management

• Group deposits up 8.4% YoY* to CZK 639.3 bil., +2.4% QoQ (excluding repos with clients). Total amounts due from clients +10.0% YoY*
• Deposits from business clients increased by 11.4% YoY to CZK 359.8 billion
• KB (bank) deposits from individuals increased by 3.3% YoY to CZK 162.9 billion
• Clients' pension assets in Transformed Fund grew by 11.8% YoY to CZK 37.2 billion
• MPSS deposits up 1.1% YoY to CZK 72.5 bil.
• KP life insurance technical reserves up 26.7% YoYto CZK 3 38.0 billion
• AUM in mutual funds (sold through KB) increased by 7.0% YoY to CZK 32.0 billion

* Slight contribution to the CZK YoY growth rates of loans and deposits (mainly in corporate segments) from revaluation of foreign currency instruments, following CZK depreciation after CNB intervention in November 2013

• Term and Savings Accounts
• Other payables to pension scheme beneficiaries
• Current Accounts

Other payables to customers and Repo operations

Agenda

B i l t s n e s s r e s s u u	4
F i i l l t n a n c a r e s u s	1 0
L f l i l i d f i k t t t o a n p o r o o q a a n c o s o r s u y	1 9
A d i p p e n x	2 3

Consolidated financial results

P f i d L S t t t t r o a n o s s a e m e n ( C Z K i l l i d i d ) t m o n, n a e u u	Q 1 2 0 1 3	Q 1 2 0 1 4	C h a n g e Y Y o
N i i t t t e n e r e s n c o m e	5 2 5 9 ,	5, 2 7 9	0. 4 %
N f & i i t e e e s c o m m s s o n s	1, 2 7 5	1, 6 9 0	2 0 % -
I f f i i l i t n c o m e r o m n a n c a o p e r a o n s	5 9 7	5 7 1	4 4 % -
O h i t e r n c o m e	3 3	2 6	2 1. 2 % -
N b k i i t e a n n g n c o m e	6 1 4 7,	5 6 6 7,	0. 6 % -
P l e r s o n n e e p e n s e s x	1, 6 3 4 -	1, 6 5 5 -	1. 3 %
G l d i i i t t e n e r a a m n s r a v e e x p e n s e s	1, 0 4 4 -	1, 0 2 8 -	1. % 5 -
D i i i i d d i l f f i d t t t e p r e c a o n, m p a r m e n a n s p o s a o e a s s e s x	4 3 8 -	4 4 1 -	0. % 7
O i t t p e r a n g c o s s	3, 1 1 6 -	3, 1 2 4 -	0. 3 %
G i i t r o s s o p e r a n g n c o m e	4, 4 9 8	4, 4 4 1	1. 3 % -
C f i k t o s o r s	4 7 0 -	5 1 8 -	1 0. 2 %
N i i t t e o p e r a n g n c o m e	4, 0 2 7	3, 9 2 3	2. 6 % -
f P i b i d i i d i t t r o o n s s a r e s a n a s s o c a e s u	3 5	4 0	1 4 3 %
S h f f i f i h b f i i i t a r e o p r o o p e n s o n s c e m e e n e c a r e s	1 3 3 -	1 2 1 -	9. 0 % -
f i f i P b t t r o e o r e n c o m e a x e s	3, 9 2 9	3, 8 4 3	2. 2 % -
I t n c o m e a e s x	0 7 5 -	6 6 6 -	% 5 5 -
f N i t t e p r o	3, 2 2 4	3, 1 7 6	1. 5 % -
M i i f i / ( l ) t t n o r y p r o o s s	7 8	9 5	2 1. 8 %
N f i i b b l i h l d t t t t t t t e p r o a r u a e o e q u y o e r s	3, 1 4 6	3, 0 8 1	2. 1 % -

Consolidated statement of financial position

S B l h t a a n c e e e ( C ) Z K i l l i d i d t m o n, n a e u u	M 3 1 a r 2 0 1 3	D 3 1 e c 2 0 1 3	M 3 1 a r 2 0 1 4	C h a n g e Y Y o	C h a n g e Y D t
A t s s e s	8 1 1, 0 3 2	8 6 3, 9 8 0	8 6 9, 5 6 6	7. 2 %	0. 6 %
C h d b l i h l b k t t a s a n a a n c e s c e n r a a n w	1, 4 2 5 5	4 4, 4 0 5	1 8 5 5, 7	3 % 7.	2 4. 3 %
f A d b k t m o u n s u e r o m a n s	6 1 3 0 7,	1 2 3 5, 7 5	1 1 8, 9 3 6	2 % 7 7.	4 % 5. -
( ) L d d t t t o a n s a n a v a n c e s o c u s o m e r s n e	4 4, 0 2 5 5	4 3, 0 9 0 7	4 6 6, 1 6 8	2. % 7	1. % 5 -
S i i d d i d i i t t t e c u r e s a n r a n g e r v a v e s	1 9 3, 1 9 5	1 8 2, 3 3 5	1 8 9, 6 3 8	1. 8 % -	3. 9 %
O h t t e r a s s e s	4 2 0 4 5,	3 8, 2 1 8	3 9, 6 3 7	1 2. 3 % -	3. % 7
i i i i i L b l d h h l d ' t t a e s a n s a r e o e r s e q u y	8 1 1, 0 3 2	8 6 3, 9 8 0	8 6 9, 5 6 6	7. 2 %	0. 6 %
A d b k t t m o n s e o a n s u u	3 3, 6 6 7	4 9, 6 8 0	3 6, 9 3 8	9. 4 %	2 6 % 5. -
A d t t t m o n s e o c s o m e r s u u u	9 8, 3 5 7 5	6 4 9, 1 8 5	6 8, 8 9 6 5	1 0. 0 %	1. % 5
S i i i d t e c u r e s s s u e	2 2, 8 3 4	2 2, 4 1 7	2 2, 2 5 7	1. 1 % -	0. % 7
O h l i b i l i i t t e r a e s	3, 0 8 5 7	4 6, 1 8 7	4 9, 1 6 4	4 % 7. -	6. 4 %
S b d i d d b t t u o r n a e e	0	0	0	n. a.	n. a.
S h h l d ' i t a r e o e r s e q u y	1 0 2, 6 1 1	9 6, 3 8 5	1 0 1, 9 9 6	0. 6 % -	% 5. 7

Shareholders' equity

Total shareholders' equityas of 31 December 2013

Total shareholders' equityas of 31 March 2014

	/ / 3 1 1 2 2 0 1 3	/ / 1 1 2 0 1 4	I n c r e a s e	D e c r e a s e	/ / 3 1 0 3 2 0 1 4
S h i l t a r e c a p a	1 9, 0 0 5	1 9, 0 0 5			1 9, 0 0 5
C i l d f d t a p a a n r e s e r v e u n s	4 7, 4 3 9	5 9, 9 6 7	2 1		5 9, 9 8 8
R i d i f d d d i i d d t e a n e e a r n n g s, r e s e r e n s a n e n s v u v -	4 8, 1 6 5	6 0, 6 9 3	2 1		6 0, 1 4 7
T h r e a s u r y s a r e s -	7 2 6 -	7 2 6 -			7 2 6 -
C i b b l f i t t t t t t u r r e n y e a r a r u a e n e p r o	1 2 5 2 8 ,	0	3, 0 8 1		3, 0 8 1
C f h l h d a s o w e g e	8, 1 8 1	8, 1 8 1	1, 8 1 7		1 0, 0 3 5
S A F i i ' f i l h t s e c r e s a r a e c a n g e s u v u	6, 2 1 1	6, 2 1 1	3 7 7		6, 8 8 5
O h t e r s	2 9 4	2 9 4	1 2		3 0 6
M i i i t t n o r y e q u y	2 8 7 9 ,	2 8 7 9 ,	9 6		2 9 7 5 ,
T l S h h l d ' i t t o a a r e o e r s e q u y	5 9 6, 3 8	5 9 6, 3 8	5, 5 4 8	0	1 0 1, 9 9 6
O E i f d j d R A E l l i * t t t q o r a s e c a c a o n u y u u	3 2 3 7 7,	3 2 3 7 7,	3, 0 0 5		8 0, 8 2 3

* Average Group shareholders' equity w/o minority equity, cash flow hedging and revaluation of AFS securities

Financial ratios

i i i K d d t t e r a o s a n n c a o r s y ( ) d t t e a r- o- a e y	3 1 M a r 2 0 1 3	3 1 M a r 2 0 1 4	C h a n g e Y Y o
* C i l d t a p a a e q u a c y	1 4. 9 %	1 6. 2 %	n. a.
* T i i 1 t e r r a o	1 4. 9 %	1 6. 2 %	n. a.
* ( C ) T l i k i h d Z K b i l l i t t t o a r s w e g e a s s e s o n	3 6 0. 9	3 7 5. 5	n. a.
* R i k i h d f d i i k ( C Z K b i l l i ) t t t s e g e a s s e s o r c r e r s o n w	3 0 4. 7	3 1 4. 6	n. a.
/ N i i ( N I I A i b i ), l i d t t t t t t e n e r e s m a r g n v. n e r e s e a r n g a s s e s a n n u a s e	2. 9 %	2. 6 %
( ) / L d i i t t t o a n s n e e p o s s r a o	7 5. 8 %	7 0. 7 %
L ( ) / d i i l. T F l i t t t t t o a n s n e e p o s s r a o e c c e n a s s e s x	8 0. 2 %	7 4. 7 %
C / i i t t o s n c o m e r a o	4 0. 9 %	4 1. 3 %
R i ( R O A E ), l i d t t e r n o n a e r a g e e q a n n a s e u v u y u	1 2. 7 %	1 2. 8 %
* ( O ), A d j d i d j d R A E l i d t t t t u s e r e u r n o n a v e r a g e e q u y a u s e a n n u a s e	1 6. 3 %	1 2 % 5.
R ( R O A A ), l i d t t e r n o n a e r a g e a s s e s a n n a s e u v u	1. 6 %	1. 4 %
( C ), E i h Z K l i d a r n n g s p e r s a r e a n n u a s e	3 3 3	3 2 6	2. 1 % -
A b f l d i h i d t v e r a g e n u m e r o e m p o y e e s u r n g e p e r o	8, 6 3 7	8, 3 5 7	1. 2 % -

* according to Basel II methodology in 2013, Basel III since 2014

* * Adjusted ROAE is computed as net profit attributable to equity holders divided by equity, cash flow hedging and revaluation of AFS securities)(average Group shareholders' equity w/o minority

Net interest income

• NII in 1Q 2014 up by 0.4% YoY. 1Q down by 0.9% QoQ
• NII from loans – YoY up due to growing volumes. Development of spreads on some loan products reflects intense competition
• NII from deposits – erosion of spreads moderating, still caused by low yield from reinvestment of deposits partially offset by adjustments in deposit remuneration
• NII from other – lower yield on reinvestment of capital due to low interest rates
• Decrease in net interest margin influenced by inflow of large-ticket deposit placements with negligible contribution to NII

CZK million

Net fees and commissions

• NFC in 1Q 2014 down by 2.0% YoY. 1Q down by 4.0% QoQ
• Deposit product fees clients' shift to cheaper packages within the MojeOdměny rewards programme
• Loan fees – cumulating influence of sales of retail loans without fees for administration since 2013
• Fees from cross-selling – revenue growth driven by increased volume of client assets in mutual funds and life insurance
• Transaction fees – higher number of cashless transactions at lower average prices. Revenues from payment cards increased
• Other fees – high income in 1Q 2014 from loan syndications. YoY increase in fees for trade finance products

Net profit from financial operations

• Net profit from financial operations in 1Q 2014 down by 4.4% YoY. 1Q increase by 13.5% QoQdue to previous quarter affected by extraordinary negative derivative valuation adjustments
• Limited demand for FX and IR hedging due to low volatility of CZK exchange and interest rates influenced by measures of the central bank
• Good 1Q result of treasury operations
• Net gains from FX payments reflected lower average spreads

4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014

Operating costs

• OPEX in 1Q 2014 up by 0.3% YoY. 1Q down by 10.0% QoQ affected by usual seasonality
• Personnel costs in 1Q 2014 up by 1.3% YoY. Average staff level decreased by 1.2%
• GAE declined by 1.5% YoY. Marketing expenditures increased, while main savings were achieved in real estate costs
• Depreciation & Amortisation rose slightly by 0.7% YoY. The mild increase was mainly driven by new software applications

Agenda

B i l t s n e s s r e s s u u	4
F i i l l t n a n c a r e s s u	1 0
L f l i l i d f i k t t t o a n p o r o o q a a n c o s o r s u y	1 9
A d i p p e n x	2 3

Loan quality

• Loan exposure +2.7% YoY, -1.3% QoQ
• Share of Standard and Watch loan exposure stable at 94.3% (94.4% in 4Q 2013)
• Share of LUSR exposure at 5.7% (5.6% in 4Q 2013)
• Share of NPL exposure at 4.2% (3.8% in 4Q 2013). QoQ NPL exposure increased to CZK 20.3 billion (CZK 18.5 billion in 4Q 2013), solely driven by KB Group NPL reporting harmonization
• Provision coverage ratio for LUSR portfolio QoQincreased to 65.5%, for NPL portfolio QoQincreased to 80.2% (77.4% in 4Q 2013) mainly driven by KB Group NPL reporting harmonization

Cost of risk

• 1Q 2014 cost of commercial risk in CZK increased QoQ driven by Retail segment
• YoY cost of risk up to 42 bps from 40 bps driven by Corporates
• 1Q 2014 contribution to cost of risk by KB group entities: KB 88%, ESSOX 5%, Modrá pyramida4%, Factoring KB 2%, SGEF 1%

Commercial cost of risk zoomon client segments

• 1Q 2014 cost of risk on Corporates slightly decreased QoQ
• YoY Corporate cost of risk up to 43 bps from 29 bps influenced mainly by creations on a few large exposures
• 1Q 2014 Retail cost of risk in CZK increased QoQfrom the low base of previous quarter
• YoY Retail cost of risk down to 39 bps from 53 bps with improvement reported in both segments. Main contribution to the YoY decline from mortgages and consumer loans

KB Group – Corporate Segments

Agenda

A d i p p e n x	2 3
L f l i l i d f i k t t t o a n p o r o o q a a n c o s o r s u y	1 9
F i i l l t n a n c a r e s u s	1 0
B i l t u s n e s s r e s u s	4

Number of clients and distribution network

• KB Group's 2.5 million clients, of which
• KB bank 1,600,000 clients (+1%)
• MPSS 577,000 clients (-3%)
• KBPS 560,000 clients (-1%)
• ESSOX 286,000 active clients (+10%)
• Network
• 398 branches for retail clients, 10 corporate divisions and 4 divisions for large corporate clients in CZ, 1 in Slovakia
• ⁷²⁸ ATMs
• MPSS: 205 points of sale; 1,122 sales agents (of which 520 full-time professionals)
• SGEF: 7 branches in CZ, 2 in Slovakia
• Direct Channels
• 1,196,000 clients (i.e. 75% of KB client base) using direct banking channels
• Two call centres, internet and mobile banking

Number of bank clients (ths., CZ)

Number of clients – Direct Channels (ths.)

Consolidated financial results

P f i d L S t t t t r o a n o s s a e m e n	1 Q 2 0 1 3	4 Q 2 0 1 3	1 Q 2 0 1 4	C h a n g e Y Y o	C h a n g e Q Q o
( C ) Z K i l l i d i d t m o n, n a e u u
N i i t t t e n e r e s n c o m e	5, 2 5 9	5, 3 2 8	5, 2 7 9	0. 4 %	0. 9 % -
N f & i i t e e e s c o m m s s o n s	1, 7 2 5	1, 7 6 1	1, 6 9 0	2. 0 % -	4. 0 % -
f f I i i l i t n c o m e r o m n a n c a o p e r a o n s	5 9 7	5 0 3	5 7 1	4. 4 % -	1 3. 5 %
O h i t e r n c o m e	3 3	2 0	2 6	2 1. 2 % -	3 0. 0 %
N b k i i t e a n n g n c o m e	6 1 4 7,	6 1 2 7,	5 6 6 7,	0. 6 % -	0. 6 % -
P l e r s o n n e e x p e n s e s	1, 6 3 4 -	1, 6 9 4 -	1, 6 5 5 -	1. 3 %	2. 3 % -
G l d i i i t t e n e r a a m n s r a v e e x p e n s e s	1, 0 4 4 -	1, 3 1 0 -	1, 0 2 8 -	1. % 5 -	2 1. % 5 -
D i i i i d d i l f f i d t t t e p r e c a o n, m p a r m e n a n s p o s a o e a s s e s x	4 3 8 -	4 7 0 -	4 4 1 -	0. 7 %	6. 2 % -
O i t t p e r a n g c o s s	3, 1 1 6 -	3, 4 3 7 -	3, 1 2 4 -	0. 3 %	1 0. 0 % -
i i G t r o s s o p e r a n g n c o m e	4, 4 9 8	4, 1 3 9	4, 4 4 1	1. 3 % -	7. 3 %
C f i k t o s o r s	4 7 0 -	3 9 5 -	-5 1 8	1 0. 2 %	3 1. 1 %
N i i t t e o p e r a n g n c o m e	4, 0 2 7	3, 7 4 4	3, 9 2 3	2. 6 % -	4. 8 %
P f i b i d i i d i t t r o o n s u s a r e s a n a s s o c a e s	3 5	1 1 0	4 0	1 4. 3 %	6 3. 6 % -
S h f f i f i h b f i i i t a r e o p r o o p e n s o n s c e m e e n e c a r e s	1 3 3 -	1 1 2 -	1 2 1 -	9. 0 % -	8. 0 %
P f i b f i t t r o e o r e n c o m e a e s x	3, 9 2 9	3, 7 4 2	3, 8 4 3	2. 2 % -	2. 7 %
I t n c o m e a x e s	0 -7 5	6 5 7 -	6 6 6 -	% -5 5	1. 4 %
N f i t t e p r o	3, 2 2 4	3, 0 8 5	3, 1 7 6	1. 5 % -	2. 9 %
M i i f i / ( l ) t t n o r p r o o s s y	7 8	1 1 4	9 5	2 1. 8 %	1 6. 7 % -
f i i i N b b l h l d t t t t t t t e p r o a r a e o e q o e r s u u y	3, 1 4 6	2, 9 7 0	3, 0 8 1	2. 1 % -	3. 7 %

KB consolidated group

P i e n s o n i n s u r a n c e	í K B P i j e n n z l č t s p o e n o s ( ) 1 0 0 %	f f ( f ) f M T d F d i d i h 5 6 0, 0 0 0 l i d t t t a n a g e m e n c o m p a n o r r a n s o r m e n p e n s o n n c e n s a n o r y u u w C i f d i 2 d d 3 d i l l f h h i t t n e w p e n s o n u n s n n a n r p a r s o e z e c p e n s o n s y s e m
B i l d i u n g i t s o c e y	M d á i d o r p y r a m a í b ř i l t t s a e n s p o e n a v ( ) 1 0 0 %	l b i l d i i b k d i l l i h l i d # 2 5 7 7, 0 0 0 1, 1 2 2 t t t t a r g e s u n g s a v n g s a n a c c o r n g o o a n v o u m e w c e n s a n d i i b i k t t t t t s r o n g a g e n s r o n n e o r u w
C o n s u m e r d i t c r e	E S S O X ( ) 5 0. 9 3 %	C d i d f i 4 b k l i d t # o n s u m e r c r e a n c a r n a n c e c o m p a n y. n o n- a n c o n s u m e r o a n p r o v e r i h C h R b l i t n e z e c e p u c
I n s r a n c e u	í K č o m e r n j i š ť ( 4 9 % ) p o o v n a	U i l i f d l i f i n e r s a n s r a n c e c o m p a n o c s e o n e n s r a n c e v u y u u
C t o r p o r a e i s e r c e s v	K B, b h i r a n c n S l k i o a a v	S f T h l k b i d i i i i l l i t t e o a s n e s s s o n o c s e s o n s e r n g a r g e c o r p o r a e c e n s v u v u v
	F i K B t a c o r n g ( ) 1 0 0 %	h C h f i k f f i d i f i d f i # 3 t t t, t t o n e z e c a c o r n g m a r e o e r n g o m e s c, o r e g n a n r e v e r s e a c o r n g
	S G C E F h z e c R b l i ( 0. 1 % ) 5 e p u c	C L d i i d f b k d f i i i h h R b l i d l i t- t t e a n g p r o v e r o a s s e a c e n a n c n g n e z e c e p u c a n a s o a c v e S i l k i n o v a a

Business performance of subsidiaries1/2

	Q 1 2 0 1 3	Q 1 2 0 1 4	C h a n g e Y Y o
S S M P f ( C ) V l l Z K i l l i o m e o n e o a n s m o n u w	9 1 7	3 6 5	3 2 % -
f ( C ) V l l l Z K i l l i t t o m e o o a o a n s g r o s s m o n u ,	4 8 2 8 5 ,	4 2 1 0 5 ,	1 3 % -
( C ) V l f d i Z K i l l i t o u m e o e p o s s m o n	1, 7 7 7 5	2 3 1 7 5 ,	1 %
N b f l i t u m e r o c e n s	9 6 8 2 5 5 ,	6 6 3 8 5 7 ,	3 % -
A b f F T E v e r a g e n u m e r o s	3 4 1	3 4 3	1 %
N b f i f l t u m e r o p o n s o s a e	2 1 3	2 0 5	4 % -
K B P S N b f t t u m e r o n e w c o n r a c s	4 8 3 0 ,	6 2 8 7 ,	3 0 %
N b f l i t u m e r o c e n s	6 6 3 5 5 7 ,	6 0 4 2 3 5 ,	1 % -
A d ( C Z K i l l i ) t t s s e s u n e r m a n a g e m e n m o n	3 3 2 2 2 ,	3 7 6 7 5 ,	1 3 %
f h i h i T f d f d o w c n r a n s o r m e u n	3 3 2 3 7 ,	3 7 1 7 3 ,	1 2 %
A b f F T E v e r a g e n u m e r o s	5 3	4 9	7 % -
S S E O X V l f ( C Z K i l l i ) t t o u m e o n e w c o n r a c s m o n	1, 0 5 4	1, 0 0 8	4 % -
V l f l l ( C Z K i l l i ) t t o u m e o o a o a n s g r o s s m o n ,	9 3 0 9 ,	9 6 8 2 ,	4 %
f N b i l i t t m e r o a c e c e n s u v	2 6 0 4 4 6 ,	2 8 5 8 9 5 ,	1 0 %
f A b F T E e r a g e n m e r o s v u	3 4 1	3 5 1	3 %

Business performance of subsidiaries2/2

		Q 1 2 0 1 3	Q 1 2 0 1 4	C h a n g e Y Y o
F i t a c o r n g K B	( C ) F i Z K i l l i t t a c o r n g u r n o v e r m o n V l f l f i i ( C Z K i l l i ) t t o u m e o o a n a n c n g g r o s s m o n	4 0 3 5 , 3 2 8 7	6 0 7 7 , 4 8 7 5	4 2 % 4 8 %
	, A b f F T E v e r a g e n u m e r o s	, 4 1	, 4 2	2 %
K P	V l f h i l ( C Z K i l l i ) t o u m e o e c n c a r e s e r v e s m o n	3 0 0 2 6 ,	3 8 0 4 0 ,	2 7 %
	( C ) P i i Z K i l l i t t r e m u m w r e n m o n	2 2 2 8 ,	3 8 3 5 ,	3 % 7
	f f h i h i l i i o c n e n s r a n c e w u	2 0 6 9 ,	3 6 8 0 ,	8 % 7
	f h i h i l i f i o w c n n o n- e n s u r a n c e	1 5 9	1 7 3	9 %
	A b f F T E v e r a g e n u m e r o s	1 5 4	1 5 4	0 %
S G E F	f ( C ) V l l Z K i l l i o m e o n e o a n s m o n u w	1, 2 7 5	1, 9 5 7	% 7 -
	V l f l l ( C Z K i l l i ) t t o u m e o o a o a n s g r o s s m o n ,	2 0 4 0 0 ,	2 1, 2 0 7	4 %
	A b f F T E v e r a g e n u m e r o s	1 1 8	1 1 5	3 % -

Standalone results of KB group companies and associated undertakings

CZK million	Account. standards	Share of KB	Net Profit	YoY	Equity	YoY	Assets	YoY
KB	IFRS	100%	2,552	$-13.3\%$	88,425	$-1.0\%$	781,306	9.2%
- o/w KB branch in Slovakia	IFRS	100%	37	12.1%	n.a.	n.a.	24,956	28.7%
ESSOX, s.r.o.	IFRS	50.93%	125	4.2%	3,527	5.6%	10,170	4.0%
Factoring KB, a.s.	CAS	100%	5	$-37.5%$	1,641	2.8%	6,176	35.0%
KB Penzijní společnost, a.s.	CAS	100%	28	n.a.	865	31.1%	957	23.3%
Bastion European Investments S.A.	IFRS	100%	21	$-4.5%$	3,388	4.0%	6,589	4.0%
Komerční pojišťovna, a.s.	IFRS	49%	81	14.1%	2,335	11.3%	45,335	24.1%
Modrá pyramida SS, a.s.	IFRS	100%	252	$-12.8%$	8,188	$-2.0%$	82,282	0.3%
SG Equipment Finance CZ s.r.o.	IFRS	50.1%	79	12.9%	2,395	6.4%	25,622	6.2%
KB Real Estate, s.r.o.	IFRS	100%	$\overline{0}$	n.a.	494	0.0%	1,077	$-5.3%$
Protos	IFRS	90%	58	$-18.3%$	13,832	$-1.1%$	13,892	$-1.1%$
Czech Banking Credit Bureau	CAS	20%		$-66.7%$	5	$-37.5%$	43	30.3%

* Affected by extraordinary dividend from a subsidiary received in 1Q 2013

Note: Fully consolidated companies are: Essox, Factoring, KB PS, Bastion, Modra pyramida, SGEF CZ, KB Real Estate and Protos. CBCB is not consolidated. In 2013, NP 33, s.r.o. and VN 42, s.r.o. were established by KB as its 100% subsidiaries. The objects of the companies are facility management and real estate activities.

Securities portfolio in the banking book

CZK billion

Held-to-maturity portfolio

CZK 72.6 billion

Czech sovereignForeign sovereign

Foreign sovereign exposure

Measurement at [1] fair value; [2] amortized cost

Macroeconomic environment – Czech Republic

M i I d i t a c r o e c o n o m c n c a o r s	2 0 1 0	2 0 1 1	2 0 1 2	2 0 1 3	* 2 0 1 4	5 * 2 0 1
R l G D P ( ) % e a a v e r a g e ,	2 3	1 8	0 9 -	0 9 -	1 9	2 6
I f l i ( ) % t n a o n a e r a g e v ,	1 5	1 9	3 3	1 4	0 8	1 8
H h l d i ( ) % t o s e o c o n s m p o n a e r a g e u u v ,	0 9	0 5	2 1 -	0 1	1 1	1 2
( S ) U l % M L A h. t t n e m p o m e n a m e y v. , ,	0 7	6 6	6 8	8 7	7 7	1 7
( ) M 2 % a e r a g e v ,	4 0	3 4	6 0	4 6	4 6	4 5
O ( ) 3 M P R I B R % a v e r a g e ,	1 3	1 2	1 0	0 5	0 4	0 4
P i l f h k ** t t t t o e n a o e m a r e	2 0 1 0	2 0 1 1	2 0 1 2	2 0 1 3	2 0 1 4 *	2 0 1 5 *
L / G D P ( d ) o a n s e a r- e n y	5 7 4	6 0 3	6 1 4	6 4 7	6 5 6	6 5 9
R l l / G D P ( d ) t t e a e s a e o a n s e a r- e n y	1 9 2	2 0 2	2 1 1	2 1 9	2 2 4	2 2 5
/ G ( ) D i D P d t e p o s s e a r- e n y	3 6 7	6 3 7	8 1 3	8 6 0	8 5 5	8 4 6
/ G ( ) H h l d l D P d o u s e o o a n s y e a r- e n	2 4 5	2 6 4	2 2 7	2 8 1	2 8 6	2 8 9

* KB estimate

** Banking sector, year end

Interest rates evolution

(for the period 1 January 2005 28 April 2014)

Development of KB's share price and PX Index

(for the period 1 October 2001 28 April 2014)

KB shareholders

As of 31 March 2014

Shares on registered capital according to excerpt from the Securities centre

As of 31 March 2014, KB held 238,672 own shares in treasury, representing 0.63% stake on registered capital.

Investor Relations

Jakub Černý, Georgina OlegrováTel.: +420 955 532 156, 955 532 734E-mail: investor_relations@kb.cz Olegrová, Robert Janeček734, 955 532 155mail: - Internet: www.kb.cz