Government Bond Auctions Announcement

                                                               T-bond auctions       
 **Announcement** 
 ISIN                                    CZ0001004105 CZ0001005888 CZ0001002851 CZ0001005037 CZ0001005920
 Issue Name                              GBVAR/27     GB1.20/31    GB3.85/21    GB0.25/27    GB1.50/40   
 Issuer                                  MF           MF           MF           MF           MF          
 Type of Auction                         American     American     American     American     American            
 Date of auction                         08.07.20     08.07.20     24.06.20     24.06.20     24.06.20    
 Settlement date                         10.07.20     10.07.20     26.06.20     26.06.20     26.06.20    
 Maturity date                           19.11.27     13.03.31     29.09.21     10.02.27     24.04.40    
 Coupon (%)                              Float        Float        3.85         0.25         1.50        
 Face value (in CZK)                     10000        10000        10000        10000        10000       
 Auctioned (in CZK bln)                  Max. 3       Max. 2       Max. 1.27347 Max. 5       Max. 2      
 Deadline for comp bids                  12:00        12:00        12:00        12:00        12:00       
 Date of non-comp auction                09.07.20     09.07.20     ---          25.06.20     25.06.20    
 Deadline for non-comp bids              12:00        12:00        ---          12:00        12:00       
 Buy / Sell                              Sell         Sell         Sell         Sell         Sell                
 Type of bidding                         Price        Price        Price        Price        Price               
                                                                                 
                                                                                 
 PLEASE NOTE, ISIN CZ0001005706 IS EURO DENOMINATED.                             
                                                                                 
 HTTP://WWW.MFCR.CZ/                      CALENDAR IS ON HTTP://WWW.MFCR.CZ/