SALE OF PLZEŇSKÁ ENERGETIKA TO EP INFRASTRUCTURE
On 9 May 2018, EP Energy signed a Share purchase agreement with its parent company, EP Infrastructure, on sale of 100% shares in Plzeňská energetika for a consideration of CZK 1,058,245,000. The purchase price was ascertained as by an independent valuation expert. As a result of the sale, Plzeňská energetika ceases to be a guarantor of EP Energy 2019 Notes. Purchase price was settled on 10 May 2018 in cash and cash proceeds shall be used in compliance with the indenture.