Local press wrote CEZ’s management reportedly approved the contract with Czech Coal with no more details released. / CFO Novak said after 4Q12 results that EBITDA guidance for 2013 could improve of about 2 bln. CZK in case of successful outcome of lignite contract negotiation with Czech Coal. We expect NI could thereby improve of 1 bln. CZK to 38 bln. CZK for FY2013. Slightly positive, nevertheless should be priced-in as the agreement between CEZ and Czech Coal has seemed to be almost done according to CEZ indications.