22 May 2015

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

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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

Czech capital market share of 99.5% In 2012, 19,8 TWh of Czech electricity was traded,

corresponding to some 31.46% 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

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PX Group – companies

Securities market organizer

Maintaining securities register, clearing and settlement Electricity market organizer

Counterparties for participants in concluding electricity trades

Consolidated results as at 31 Dec 2008 2009 2010 2011 2012 2013

Total assets (EUR m) 172.2 128.3 113.4 103.7 106.1 29.4

Revenues (EUR m) 16.8 14.4 17,2 21.3 20.5 19.2

Profit after tax (EUR m) 5.8 4.8 4.1 6.5 5.6 5.4

Dividend payment /PSE only/ (EUR) 35.65 16.85 16.92 16.32 20.72 20.83

PSE

CSDP PXE EnCC

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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: www.ceeseg.com

100% 92.74% 100 % 50.45%

Prague Stock Exchange

Czech Republic

Ljubljana Stock Exchange

Slovenia

Budapest Stock Exchange

Hungary

1,07%46.67%

Holding CEE Stock Exchange Group*

KE

LE

R C

CP

97,72%

KE

LE

R

Vienna Stock Exchange

Austria

CC

P.A

AP

CS

EX

AA

25.12%100% 100%

En

erg

y C

lear

ing

C

ou

nte

rpar

ty

PX

E

33.33%

10% 50%

33.33% 33.33%

CS

D P

rag

ue

CIS

MO

CE

GH

20% 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

CEESEGData vending, indicesIndices cooperationMoU

CEE Stock Exchange Group – a comparison of market capitalization

* Bulgarian SE, Bratislava SE, Montenegro SE, Belgrade SE, Sarajevo SE, Banja Luka SE, Macedonia SEJanuary 2014, Source: FESE, FEAS, local stock exchange

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Warsaw SE45%

CEESEG39%

Bukarest SE5%

Zagreb SE5%

Others*6%

CEE Stock Exchange Group – a comparison of equity turnover

* Bukarest SE, Bulgarian SE, Zagreb SE, Belgrade SE, Macedonia SE, Banja Luka SE, Bratislava SE, Sarajevo SE, Montenegro SEJanuary 2014 YTD, Source: FESE, FEAS, local stock exchange

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Warsaw SE53%

CEESEG44%

Others*3%

CEE Stock Exchange Group – institucional investors

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Netherlands3.2%

Switzerland2.6%

Mexico2.3%Poland

3.4%

Germany4.4%

France5.6%

Norway6.1%

UK15.7%

Others*15.8%

Austria16.1%

USA24.8%

*Among others, Canada, Slovenia, Hungary, Sweden, Czech Republic

2013, Source: Ipreo

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CEE Stock Exchange Group – The Largest Issuers

January 2014 Source: Vienna Stock Exchange

Issuer Listing

ERSTE GROUP BANK 11,6

OMV 10,5

CEZ 10,1

RAIFFEISEN BANK INTERNATIONAL 8,3

KOMERCNI BANKA 6,1

VOESTALPINE 5,7

MOL 4,7

VIENNA INSURANCE GROUP 4,5

ANDRITZ 4,2

IMMOFINANZ 4,0

OTP BANK 3,8

TELEFONICA O2 CR 3,4

TELEKOM AUSTRIA 2,9

RICHTER GEDEON 2,8

VERBUND KAT. A 2,7

STRABAG 2,5

OESTERR. POST 2,3

KRKA 2,1

Market Capitalization (in EUR bn)

CEE Stock Exchange Group – Sector Allocation

* Multi-Utilities, Packaging, Food, Beverage & Tobacco, Construction Materials, Chemicals, Electrical Equipment, Tourism & Travel, Media, Retailing, Leisure & Gambling, Personal Products, Household Products & Furniture, Automobiles & Parts, Other Industrial Services, Other Industrial Goods, Software & IT ServicesJanuary 2014, Source: Vienna Stock Exchange

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Banking27%

Oil & Gas16%

Electric Utilities12%

Telecommunications7%

Real Estate6%

Mining & Metals5%

Insurance5%

Industrial Engineering & Machinery

5%

Pharmaceuticals4%

Construction2%

Transportation2%

Others*9%

168 financial institutions participate in trading on the member exchanges of CEESEG.

The following are active on two or more markets:

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CEE Stock Exchange Group – Trading Members

January 2014Source: Member Exchanges of CEESEG

Member Country

   Deutsche Bank (resp. DB Securities) CZ, HU, AT

Equilor Investment CZ, HU

Erste Group Bank (resp. Česká spořitelna, Brokerjet) CZ, HU, AT, SI

IPOPEMA Securities CZ, HU

KBC Securities (resp. Patria Finance) CZ, HU, AT, SI

Raiffeisen Centrobank CZ, HU, AT, SI

UniCredit Bank CZ, HU, AT, SI

WOOD & Company Financial Services CZ, HU, AT, SI

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Stock Exchange Group – Trading volumes by members (2014 YTD)

Regulated & unregulated markets; domestic & foreign turnoverJanuary 2014Source: Member Exchanges of CEESEG

CEE

MemberTrading volumes

(mln EUR)

Erste Group Bank (resp. Česká spořitelna, Brokerjet) 773.7

Raiffeisen Centrobank 695.5

Deutsche Bank (resp. DB Securities) 514.4

WOOD & Company Financial Services 514.3

KBC Securities (resp. Patria Finance) 500.9

Morgan Stanley & Co. International 415.9

UBS 396.2

Credit Suisse Securities (Europe) 356.5

Merrill Lynch International 336.5

J.P. Morgan Securities 311.8

27 June 2012

Prague Stock Exchange

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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 2013: € 39,8 bn* Trade value - shares 2013: € 6,7 bn** Czech capital market share of 98,4% Leader in the Central and East European Region Internet: www.pse.cz

* Domestic and foreign issues together** All PSE’s numbers are “single counted”

Number of trades (shares):

2007 2008 2009 2010 2011 2012 20130

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

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History

1409 █ Brugges – first organized market (van den Boerse)

1462 █ Exchange in France – Lyon

1698 █ Exchange in England – London

1771 █ Exchange in Austria – Vienna

1792 █ Exchange in USA – New York

1864 █ Exchange in Hungary – Budapest

1871 █ Commodity and Stock Exchange in Prague

1920–39 █ Period of the Exchange’s prosperity

1939 █ Nazi occupation

1948 █ Decree of the Ministry of Finance of the Czechoslovak Republic

dissolving the Exchange

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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

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The Exchange currently has 18 experienced members:

Members

Domestic:

Remote:

Membership procedure:

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DB Securities

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Trading system and connection

Trading system Xetra Prague Access point concept – 3 possibilities for PSE members

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Praha

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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 NV, a considerable part of the issue was placed among small domestic investors

Several rapidly growing online brokers operate on the market

Investors

(December 2013, Source: Ipreo)

Switzerland3.1%

Germany2.8%

Austria2.5%

Poland3.1%

Netherlands3.7%

Canada4%

Czech Republic4.3%

Norway5.5%

UK16.5%

USA44.2%

Others10.3%

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Public relations

PSE endeavours to develop the Czech capital market and supports discussions related to the capital market.

Television programme “Studio Exchange” In cooperation with the public Czech Television Since 22 January 2008, directly from PSE’s premises News from the capital markets seven times daily On channels ČT24, ČT1 and on Czech TV’s website (www.ceskatelevize.cz)

Dissemination of exchange information Continuous and free-of-charge information stream with 15-minute time lag on

PSE’s website Final trading results and selected statistical data available free of charge Expert users may obtain exchange information in real time (online) and receive

trading results after the daily close of trading (off-line)

27 June 2012

POWER EXCHANGECENTRAL EUROPE

Products with physical delivery

Electricity

Delivery period: Base Load and Peak Load Base Load – all days 0:00 - 24:00 Peak Load – Monday to Friday 8:00 - 20:00

Czech Republic SPOT

Access to the day hourly auction OTE/PXE using the PXE system

Physical delivery arising from a position in financial futures

Slovakia and Hungary 6 following months 4 following quarters 3 following years

Natural gas Delivery period: Base Load Base Load – all days 06:00 - 06:00

Czech Republic 3 following months 4 following quarters 3 seasons (winter / summer) 2 following years

Czech market with natural gas futures is organized in co-operation with

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Market participants

1 trading location 3 markets 43 participants

Contract with PXE allows trading at PXE Contract with a clearing bank