EPH undertakes internal reorganisation and commences review of strategic alternatives for minority shareholding in its infrastructure assets

22. 10. 2015

ENERGETICKÝ A PRŮMYSLOVÝ HOLDING (“EPH”), a leading Central European energy group operating in the Czech Republic, Slovakia, Germany, Italy, United Kingdom and Poland, today announced its plan to reorganise all of its Central European infrastructure assets under one holding company: EP Infrastructure (“EPIF” or the “Company”). EPIF will hold controlling interests in a number of leading businesses that operate primarily in the domains of gas transmission, distribution and storage and distribution and supply of heat and power. The Company is expected to become the most important business unit of EPH.

In connection with the planned reorganisation, EPH as EPIF’s sole shareholder is reviewing strategic alternatives for the disposal of a minority stake in EPIF, including an initial public offering. Further announcements will be made in due course in the event EPH decides to proceed with any transaction.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of EPH or the Company. You can identify forward-looking statements by terms such as “expect,” “believe,” “anticipate,” “continue,” “estimate,” “intend,” “will,” “could,” “would,” “should,” “may” or “might”, the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, as well as many other risks specifically related to EPH, the Company and their operations.

The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.

These materials are not an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an exemption from registration requirements under the Securities Act. Neither EPH, nor the Company intends to register any of their securities in the United States or to conduct a public offering of the securities in the United States.

This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

This communication is distributed in any member state of the European Economic which has implemented Directive 2003/71EC as amended by Directive 2010/73/EU (together with any implementing measures in any member state, the “Prospectus Directive”) only to those persons who are qualified investors for the purposes of the Prospectus Directive in such member stated (“Qualified Investors”) and such other persons as this document may be addressed to on legal grounds, and no person that is not a Qualified Investor may act or rely on this document or any of its contents.