Investor Presentaiton

Fixed Business Fixed voice declining due to fixed to mobile substitution... ...B2B segment still under pressure CZK millions (% change y-o-y) 8,600 -6.9% -224 (-10.7%) -28 (-0.7%) 8,006 -204 -27 -22 -89 (-14.6%) (-3.5%) (-12.2%) (-25.4%) Strong Q3 2016 base ■ Selective approach to ICT projects ICT profit margin flat y-o-y (both 9M and Q3) 9M 16 Voice BB & Pay TV ICT Data Hardware Other¹ 9M 17 15 [1] termination of O2 Germany network monitoring contract O, 2

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