Investor Presentaiton

Group Capex Underlying capex up by 25% y-o-y... ...driven by 2G/4G & capacity in SK & IT transformation CZK millions CAPEX/ Revenue 1.8 & 2.6 GHz spectrum 1 472 5.9% 435 1 191 7.3% 450 MHz 210 spectrum renewal 782 688 1 339 02 brand license extension 13.2% 5.9% Slovakia: 4G NW rollout (already 90% coverage) Mobile NW capacity to capture growing data traffic 2G NW expansion to reduce national roaming (also in 2018) 3.5 & 3.7 GHz - LTE TDD (BB + Pay TV) Czech Republic: IT transformation (also in Q4 2017/1H 2018) Mobile core NW upgrade Est. in Q7 2017: 3.7 GHz spectrum (CZK 203m) 9M 16 9M 17 18 O₂ 2

View entire presentation