23 July 2012 PX Group and CEESEG Holding Basic information on PSE, PXE and CDCP.

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23 July 2012 PX Group and CEESEG Holding Basic information on PSE, PXE and CDCP

2| PX Group Main activities Organizing regulated and unregulated securities markets Organizing a commodity market (electricity delivery) Maintaining securities records, clearing and settlement of transactions in securities and electricity delivery Czech capital market share of 98.5% In 2011, 23.4 TWh of Czech electricity was traded, corresponding to some 37.9% of electricity consumption in the Czech Republic Market capitalization of securities maintained in record exceeding CZK 1,000,000,000,000 Share of 99.9% in volume of trades and transfers settled on Czech capital market

3| PX Group – companies Securities market organizer Maintaining securities register, clearing and settlement Electricity market organizer Central Counterparty Central Clearing Counterparty Energy Clearing Counterparty Counterparties for participants in concluding electricity trades Consolidated results as at 31 Dec Total assets (EUR m) Revenues (EUR m) ,221.3 Profit after tax (EUR m) Dividend payment (EUR) PSE CSDP PXE

4| CEE Stock Exchange Group (CEESEG) 42% of total market capitalization of all exchanges in the region** 48% of equity trading volume in the region** Internet: 100% 92.74% 100 % 50.45% Prague Stock Exchange Czech Republic Ljubljana Stock Exchange Slovenia Budapest Stock Exchange Hungary 11.90%46.67% Holding CEE Stock Exchange Group* KELER CCP 74.5% KELER Vienna Stock Exchange Austria CCP.AAPCSEXAA 25.12%100% CCP Energy Clearing Counterparty PXE 33.33%100% CCC 10% 50%100% 33.33% CSD PragueCISMOCEGH 20% 5%5% * Ownership Structure of CEESEG AG: 52.59% Austrian Banks, 47.41% issuers of the Vienna Stock Exchange **Czech Republic, Austria, Hungary, Slovenia, Slovakia, Poland, Romania, Bulgaria, Croatia, Serbia, Bosnia and Herzegovina, Montenegro CEESEG Data vending, indices Indices cooperation MoU

5| Prague Stock Exchange Re-established in 1993 Member of the PX Group holding Member of the CEE Stock Exchange Group (CEESEG) Member of the Federation of European Securities Exchanges U.S. SEC “Designated Offshore Securities Market” Market capitalization in 2011: CZK 371 bn* Volume of equity trades in 2011: CZK 1,061 bn** Czech capital market share of 98.5% Regulated and non-regulated markets, derivative market Leader in the Central and East European Region Internet: * Total domestic and foreign issues ** All PSE values are “single counted” (i.e. individual transactions are counted into the volume only once, not as purchase + sale). Some exchanges still publish “double-counted” values. Number of trades:

6| POWER EXCHANGE CENTRAL EUROPE Established in 2007 Member of the PX Group holding Member of the CEE Stock Exchange Group (CEESEG) Volume of trades in 2011: 24.4 TWh Market in physical electricity futures with place of delivery in the Czech Republic, Slovakia and Hungary Market in financial electricity futures with place of delivery in the Czech Republic Access to the OTE/PXE spot market for Czech electricity Anonymous trading system with standardized products and guaranteed settlement Internet: Number of participants at PXE:

7| Central Securities Depository Prague Activity since 1993 Member of the PX Group holding Member of the CEE Stock Exchange Group (CEESEG) Member of the European Central Securities Depositories Association (ECSDA) Volume of cleared trades and transactions for 2011: CZK 3,580.3 bn Clearing and settlement system for securities trades and trades concluded at PXE Maintaining records on dematerialized securities Risk management Assigning ISIN Internet: Cleared automatic trades (CZK):

27 June 2012 Prague Stock Exchange

9| Recent history 1992█ PSE established – 12 banks and 5 brokerage companies 1993█ The Exchange reopened 1993█ First wave of Coupon Privatization – 955 issues 1995█ Second wave of Coupon Privatization – 674 issues 1997█ 1,301 issues withdrawn from trading 2004█ FESE membership and first IPO – Zentiva 2007█ PXE – Power Exchange Central Europe (Prague Energy Exchange) 2008█ Vienna Stock Exchange becomes majority shareholder 2010█ Activity of the Central Securities Depository Prague established 2010█ PSE a part of the CEESEG holding company

10| Shareholders and members A private joint-stock company operating according to the membership principle Main shareholder is CEESEG AG (92.74%) Trading is conducted via licensed securities dealers that are also members of the Exchange The Exchange currently has 19 experienced members:

11| Institutional investors Regional distribution: Small investors – strong retail Their number is growing gradually – from 5,000 in 2004 to today’s 100,000 Traded equity volume is some CZK 20 bn per year “Small” investors in case of PSE are rather “high net worth individuals”, as volumes per investor are considerably larger than in some other exchanges in the region Interest in IPOs: in case of NWR, a considerable part of the issue was placed among small domestic investors Several rapidly growing online brokers operate on the market Investors (December 2011, Source: Ipreo)

12| Trading models Automated processing of instructions - electronic exchange Own business platform - flexibility in development and implementation of new products Preparation of the Xetra © platform - well-known and used by many exchanges SPAD - Quote driven The purchase and sale prices are continually quoted by the market makers Trading with blue chips Vast majority of blue chips has more than 1 market maker (5 to 10) High liquidity - PSE has one of the highest turnover velocity among the CEE markets Low volatility - experienced market makers are crucial Trading in lots Attracting and keeping liquidity in case of dual listings Automatic Trades (opening and closing auction, continual regime) - Order driven Trading in the auction regime is based on collecting buy and sell orders for investment instruments for a fixed time point The continual regime enables conclusion of transactions based on continually sent buy and sell orders for investment instruments

13| Exchange markets Regulated market Non-regulated market Main Market Free Market START Securities must conform to conditions stipulated by the Act on Capital Market Undertakings and Exchange Rules Conditions for admission Market capitalization of issue at least EUR 1,000,000 Proportion of issue distributed among the public at least 25% Business activities for at least 3 years On this market, the Exchange imposes stricter requirements on issues and their issuers than defined by the generally binding legislation concerning the capital market Securities admitted to this market need only conform to conditions established by the Exchange

14| Indices PX index Official price index of blue chip PSE equity issues, calculated every 15 seconds CTX, CEESEG and CEETX indices Indices of Vienna Stock Exchange plus those equities listed on PSE European indices – annual change (2011) PX index – historical development WIG % SBI TOP -30.7% SMI -7.8% DAX -14.7% AEX -11.9% IBEX % BET -17.7% OMX N % FTSE % BUX -20.4% PX -25.6% ATX -34.9% Source: FESE

15| Statistical data Number of trading days EQUITIES Total traded volume (CZK bn)1, Automatic trades SPAD Block trades Average total daily volume (CZK mn)4,052.13,381.11,855.41,547.11,466.3 Market capitalization (CZK bn)1,841.71,091.71,293.51,388.01,060.8 PX index (end of year)1, ,117.31, Number of issues (end of year) BONDS Total traded volume (CZK bn) State bonds Municipal bonds Corporate bonds Bank bonds Mortgage bonds Number of issues (year end) OTHER PRODUCTS Structured products (total volume, CZK mn)1, (number of products) Futures (traded volume, CZK mn)1, (number of series)66666