POST-STABILISATION ANNOUNCEMENT

February 15, 2019

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

ČEZ, a.s.
Stabilisation Notice

UniCredit Bank AG (contact: Oliver Reissenweber +49 89 378 15921) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager named below in relation to the offer of the following securities.

Issuer:ČEZ, a.s.
Guarantor (if any):n/a
Aggregate nominal amount:EUR 500mn
Description:0.875% 11/2022 XS1912656375
Stabilisation Manager(s):Banca IMI,Erste Group,Raiffeisen Bank Int,SMBC Nikko, UniCredit Bank
Stabilisation started:-
Stabilisation last occurred:N/A (no stabilisation occurred)

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.