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Second Party Opinion: EPIF (Methodology of Shades of Green, formerly part of CICERO)

This report was produced by Shades of Green. On December 1, 2022, S&P Global acquired Shades of Green from CICERO.

EP Infrastructure (“EPIF”) is a Czech Republic-based energy infrastructure group, operating across four business segments: gas transmission, gas and electricity distribution, gas storage, and heat generation and distribution. Under its framework, EPIF will finance or refinance investments relating to its gas transmission and distribution, heat generation and distribution, and electricity distribution infrastructure.