Telefonica O2 Czech Republic a s : Results of the Annual General Meeting

The Annual General Meeting of Telefónica Czech Republic, a.s., took place in Prague on March 12, 2014. In attendance were shareholders representing 83,65 percent of the company's shares, thereby constituting a quorum.

The General Meeting elected three new members to the Supervisory Board, namely Martin Štefunko, Ladislav Bartoníček and Vladimír Mlynář - all previously co-opted on to this body. At the same time, the General Meeting elected to recall Lubomír Vinduška, Antonín Botlík and Jiří Trupl from further serving on the Supervisory Board.

In connection with the recall of three elected members of the Supervisory Board, a new Social Dialogue Council will be created." For our company, continuing discussions between the firm's management bodies and employee representatives, to the degree that hitherto has been the case, is of great importance. To that end, we will see the creation of the Social Dialogue Council, which will be directly subordinate to the Supervisory Board and will be comprised of representatives of the company's statutory bodies and employee representatives," said Ctirad Lolek, Human Resources Director at Telefónica.

Additionally, the General Meeting elected Martin Štefunko to serve as a member of the Audit Committee alongside Ondřej Chaloupecký and Radek Neužil.

The General Meeting also approved changes to the company's statues in the manner determined by the qualified shareholder PPF Arena 2, B.V. For example, the number of members of the company's statutory bodies was altered. Specifically, this meant a reduction in the number of Board Members from seven to five, a reduction in the number of members of the Supervisory Board from nine to three, and a reduction in the number of members of the Audit Committee from five to three.

On the basis of a proposal to amend the company's statutes, submitted to the Board on March 5, 2014 by the qualified shareholder PPF Arena 2, B.V., the General Meeting approved the retaining, for the time being, of the current existing official name of the firm, namely Telefónica Czech Republic, a.s.

Contacts
Hany Farghali
Spokesperson
Telefónica Czech Republic, a.s.
hany.farghali@telefonica.com

O2 is the largest integrated telecommunications provider in the Czech market. At present we operate close to eight million mobile and fixed accesses, which ranks us among the market leaders in fully converged services in Europe. To users of mobile services in the Czech Republic we offer state-of-the-art HSPA+ and LTE technology. We have the most comprehensive proposition of voice and data services in the Czech Republic, and we actively exploit the growth potential of the various business lines, especially ICT. Our data centres, with total floor area of 7,300 square metres, rank us among the leaders in hosting, cloud and managed services. O2 data centres are the only ones in the Czech Republic and in Central Europe to have TIER III certification. With our O2 TV we are also the largest IPTV service provider in the Czech Republic. In January 2014, O2 became a member of the Czech investment group PPF.

PPF Group invests into multiple market segments such as banking and financial services, insurance, real estate, energy, metal mining, agriculture, retail and biotechnology. PPF's reach spans from Central and Eastern Europe to Russia and across Asia. PPF Group owns assets of EUR 22.113 billion (as at 30 June 2013).