O2 CZECH REPUBLIC A.S. 
By - Approval of the annual and consolidated 2011 financial statements
- Resolution on distribution of the Company profit
- Reduction of the registered capital and an approval of the ordinary share acquisition programme
- Amendment to the Articles of Association, election of Supervisory Board and Audit Committee members.
Shareholders possessing 81,76 % of shares, which constituted a quorum, attended the General Meeting.
The Board of Directors submitted the Company's annual and consolidated 2011 financial statements audited by Ernst & Young to the General Meeting for approval. The auditor issued unqualified statements regarding both financial statements. In that respect, both financial statements were approved by the General Meeting. The 2011 financial statements imply that the Company generated a consolidated net profit in the amount of CZK 8,684 million and a standalone net profit in the amount of CZK 7,648 million.
Upon the Board of Directors' proposal, the Company's General Meeting decided by resolution on the distribution of Company 2011 profit and a part of retained profits. The dividend from 2011 profit will be paid out in the amount of CZK 7,633 million. Furthermore, the General Meeting approved using a part of the Company standalone retained profit in the amount of CZK 1,063 million for the dividend payout. According to the General Meeting's resolution, the profit balance in the amount of CZK 594 million shall remain undistributed. The dividend to be paid out in total shall thus be CZK 8,696 million, which corresponds to a dividend of CZK 27 (before tax) per share with a nominal value of CZK 100. The conclusive day for dividend, the payout of which shall be carried out by
