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    O2: Outcome of the Annual General Meeting
    06/25/2014

    The Annual General Meeting of O2 Czech Republic a.s. was held on 25 June 2014 in Prague. It was attended by shareholders who hold 82,7 % of the company's stock, providing a quorum for the meeting.

    The supreme body of the company approved the unconsolidated and consolidated financial statements of the company for the year 2013 prepared under the International Financial Reporting Standards (IFRS). Both sets of financial statements were recommended for approval by the Board of Directors of the company, reviewed by the Supervisory Board and audited by the audit firm Ernst & Young, who gave both sets of financial statements its unqualified statement. As per the 2013 financial statements, the company reported a net consolidated profit of CZK 5.695bn and a net unconsolidated profit of CZK 5.743bn.

    The General Meeting further approved the distribution of a part of the company's unconsolidated 2013 profit as a dividend in the total amount of CZK 5.682bn. A dividend of CZK 18 before tax will be paid to each share with a nominal value of CZK 87 and a dividend of CZK 180 before tax will be paid to the share with a nominal value of CZK 870. The date of record for the dividend payment, the pay-out of which shall be carried out by Česká spořitelna, shall be 27 October 2014. The dividend shall be payable on 26 November 2014.

    "The dividend proposal is based on a thorough analysis of the company's results in the previous period, the current balance sheet and the future results of the company as estimated by the Board of Directors, including investment plans and estimated cash flow generation," said Martin Vlček, Vice-chairman of the Board of Directors and Director of the Finance Division of O2 Czech Republic a.s.

    Acting on recommendation of the Audit Committee, the General Meeting appointed the auditors KPMG Česká republika Audit, s.r.o., as the company's statutory auditor for 2014.

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