O2 Czech Republic : Notice of 2017 dividend and share premium payment (8 June 2018)

NOTICE OF 2017 DIVIDEND AND PART OF SHARE PREMIUM PAYMENT

The Board of Directors of

O2 Czech Republic a.s. (hereinafter "the Company")

with the registered office in Praha 4 - Michle, Za Brumlovkou 266/2, post code 140 22, Company Registration No. 60193336, recorded in the Commercial Register of the City Court of Prague, Section B, Entry 2322

announces hereby that the Annual General Meeting of the Company held on 4th June 2018 approved distribution of the company's profit for 2017 and part of share premium as follows:

• 1) The dividend of CZK 17 per share before tax will be paid out to each share with the nominal value of CZK 10; CZK 170 per share before tax will be paid out to the share with the nominal value of CZK 100,

  O2CzechRepublica .s.zapsanávObchodnímrejstříkuMěstskéhosouduvPraze oddílB vložka2322 IČ60193336 DIČCZ60193336

• 2) The share premium of CZK 4 per share before tax will be paid out to each share with the nominal value of CZK 10; CZK 40 per share before tax will be paid out to the share with the nominal value of CZK 100

• 3) Those persons will have the title to the pay-out of 2017 dividend and amount of the distribution of part of share premium, who will be the shareholders of the Company as at 4th June 2018 or their heirs or legal successors, provided that they prove the existence of their title. The respective shareholders shall be identified according to the state as of 4th June 2018 in the excerpt from the statutory register, which excerpt is to be ensured by the Company (unless it is proven that the record in the register fails to comply with reality). The dividend and the amount of the distribution of part of share premium shall be payable on 4th July 2018.

The payment of the dividend and the amount of the distribution of part of share premium, including the calculation of the income tax to be deducted, will be made by Česká spořitelna, a.s., Company Registration No. 45244782, with the registered office in Praha 4, Olbrachtova 1929/62, Post Code 140 00 (hereinafter referred to as "Česká spořitelna") from 4th July 2018 until 3rd July 2023, as follows:

1. Shareholders - individuals with permanent residence in the Czech Republic, or their representatives

•  in cash -- at any branch office of Česká spořitelna in the Czech Republic, after presentation of the identity card; the representative of a shareholder will be paid upon presentation of the identity card, power of attorney signed by the shareholder and declaration of Czech tax residency signed by the shareholder (for total dividend payment above CZK 1,000, the shareholder's signature on power of attorney or declaration has to be officially verified);

•  by bank transfer to a bank account held with any financial institution in the Czech Republic; upon a bank account number communication at any branch office of Česká spořitelna or upon written, completed and signed request delivered by post to Česká spořitelna, containing the necessary bank account data (for total payment above CZK 1,000, the shareholder's signature on request has to be officially verified).

O2 Czech Republic a.s.

Za Brumlovkou 266/2 140 22 Praha 4 - Michle Czech Republic

www.o2.cz/spolecnost/vztahy-s-investory/[e-mail]

2. Shareholders - legal entities with the registered office in or outside the Czech Republic, administrators and shareholders - individuals with permanent residence outside the Czech Republic, not represented by administrators

•  by bank transfer only, to a bank account, upon a written request of the shareholder, with the officially verified signature delivered by post to Česká spořitelna, containing the bank account number and bank identification data, and after presentation of further required information and documents.

The required documents are to be delivered to the address below:

Česká spořitelna, a.s., 8430 Back Office investičních produktů, Budějovická 1518/13 b, 140 00 Praha 4.

The detailed information on the individual method of the payment, including required documents will be distributed to all shareholders or their custodians in the form of a letter sent to the permanent residence/registered office address stated in the excerpt from the statutory register. Additional information can be obtained from Česká spořitelna at the email [e-mail] on taxation of the dividend and the amount of the distribution of part of share premium are available at the company's web pagehttps://www.o2.cz/spolecnost/en/dividends/.

The payment of O2 Czech Republic a.s. dividend and the amount of the distribution of part of share premium will be carried out by the Board of Directors of the Company, in compliance with the Czech legal regulations and the Company's Articles of Association, at the costs and risks of the Company.

Board of Directors of O2 Czech Republic a.s.