CEZ Group Energy Transformation and Financial Results

69 Π CURRENT FORWARD COMMODITY PRICES REPRESENT SIGNIFICANT PROFIT UPSIDE COMPARED TO 2021 Power prices EUR/MWh +115 Lignite spread EUR/MWh, power price minus carbon allowance +40 170 29 29 2021 achieved price 2025 Czech forwards 2021 achieved price 2025 Czech forwards 55 55 * Carbon free generation 34.5 TWh Financial impact: CZK +98 billion* Lignite generation 14.9 TWh Financial impact: CZK +15 billion* Theoretical operating profit upside of CZK 113 billion* using current commodity prices compared to 2021 achieved levels Assuming no hedging, 24.7 EUR/CZK exchange rate, 2021 generation volumes, forward prices of electricity and carbon as of May 2022 i.e. power price 170 EUR/MWh and carbon allowance price 101 EUR/t 30 50

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