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Urenco Board approval of Tails Management Facility

25 July 2011

The Urenco Board reaffirmed its commitment to the building of a Tails Management Facility at the Group’s UK site based at Capenhurst near Chester.

Urenco readily acknowledges its responsibility for the safe stewardship of uranium. In this respect, a comprehensive review of the project resulted in approval being given to move from the design phase to full execution, with the commencement of construction in early 2012. It is anticipated that the facility will become fully operational towards the end of 2015.

On completion, the Tails Management Facility will process Urenco’s European inventory of depleted uranium by-product reflecting the Group’s commitment to reducing its impact on the environment.

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About Urenco

Urenco is an international supplier of enrichment services and fuel cycle products with its head office based close to London, UK. With plants in Germany, the Netherlands, the UK and the USA, it operates in a pivotal area of the nuclear fuel supply chain which enables the sustainable generation of electricity for consumers around the world.

Using centrifuge technology designed and developed by Urenco, the Urenco Group provides safe, cost effective and reliable uranium enrichment services for power generation within a framework of high environmental, social and corporate responsibility standards.

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