CFO: current global financial crisis and URENCO

26/11/2008

November 2008

As the current economic crisis takes hold, Bart Le Blanc, URENCO's Chief Finance Officer, offers reassurance to URENCO stakeholders.

URENCO is uniquely placed in the current climate, having the benefit of an order book which exceeds €18.5 billion and extends beyond 2025. Our customers are strong credit counter parties for whom security of supply is vital. As a result, we are looking at predictable and reliable cashflows for the coming years.

Our strong underlying business performance has allowed us to finance our major capacity expansion programme across all sites with no requirement for additional market funding during the next two years.

URENCO is confident in the future. URENCO continues to have a strong credit profile underpinned by excellent revenue visibility, as is illustrated by the recently published update by Standard and Poor's*. Our focus remains on continued investment across the URENCO Group, increasing capacity and demonstrating our commitment to meeting the needs of our growing customer base.

*Subscribers can view the full rating analysis at:
www.standardandpoors.com

Bart Le Blanc
Chief Finance Officer

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