February 27, 2018

JNFL Completes Investment in Orano(formerly "New AREVA Holding")

Japan Nuclear Fuel Limited (JNFL) hereby announces that it completed investment into Orano, which was previously referred to as "New AREVA Holding" on February 26. JNFL has acquired a 5% equity stake in Orano, corresponding to 250 million euros.

JNFL considers this investment will contribute not only to strengthening relations with Orano that has superior technology related to reprocessing and MOX fuel fabrication and know-how based on years of safe and stable operation but also to achieving the successful commencement of commercial operation and safe and stable operation of JNFL's reprocessing plant and MOX fuel fabrication plant.