June 30 1999

Press Release Concerning JNFL Executive Personnel Changes

Japan Nuclear Fuel Limited

JNFL announced that the following executive personnel changes were approved at the 20th stockholders' general meeting and the 128th board of directors meeting held today.

I. Newly Appointed Directors

Chairman Hiroji Oota (Former Director of Japan Nuclear Fuel Limited) Executive Vice President Manabu Negishi (Former Senior Managing Director of Japan Nuclear Fuel Limited) Executive Vice President Masashi Sasaki (Former Senior Managing Director of Japan Nuclear Fuel Limited) Executive Vice President Yasuo Matsumoto Senior Managing Director Hiroshi Yamashita (Former Managing Director) Managing Director Hiroyoshi Hamada (Former Director) Managing Director Kei Nakada Managing Director Yoshio Hirata (Former Director) Director Toshirou Funaya Director Toshikazu Tanaka Director Kouki Hosoya Director Nobuhiko Ishii Director Nobuya Minami Director Fujio Shinki Director Hiroshi Ishikawa Director Atushi Oonishi Director Yoshihiko Sumi Director Tsutomu Kanai

II. Outgoing Directors

Chairman Hiroshi Araki Executive Vice President Shirou Tanuma Executive Vice President Shirou Mino Managing Director Kennichi Matsumoto Managing Director Shouzou Koyama Managing Director Kiyoshi Tamai Director Rokurou Satou Director Keizou Yamada Director Yoshihisa Akiyama Director Kouzou Kondou Director Takeshi Abiru Corporate Auditor Katsushige Mita

Directory of Executives

I. Executives Title Name Work Responsibility Chairman Hiroji Oota (Chairman of Federation of Electric Power Companies, President of Chubu Electric Power company) President Tetsuo Takeuchi Executive Vice President Manabu Negishi Overall Operation Executive Vice President Masashi Sasaki Overall Operation Executive Vice President Yasuo Matsumoto Overall Operation Senior Managing Director Yukinobu Takaoka Technical Development, Collecting and Researching of Domestic and International Information Senior Managing Director Takashi Akutsu Legal Affairs Office, Collecting and Researching of Domestic and International Information Senior Managing Director Toshio Inomata General Manager of Rokkasho Administration Senior Managing Director Hiroshi Yamashita Low Level Waste Management Dept. Civil & Architectural Engineering Dept. Radiological Safety Dept. Managing Director Mitsuo Suzuki Planning Dept. Marketing Dept. Managing Director Kensuke Fueki Uranium Enrichment Dept. Safety Technology Dept. Managing Director Yoshihisa Hagawa Plant Siting & Public Relations Dept. Material & Purchasing Dept. Managing Director Hiroyoshi Hamada Reprocessing Dept. Safeguards Dept. Managing Director Kei Nakada Preparation Div. for Reprocessing Plant Operation, Spent Fuel & Vitrified Waste Management Dept. Managing Director Yoshio Hirata General Manager of Reprocessing Office Director Takahiko Ohno General Manager of Uranium Enrichment Dept. Director Masami Hayashi Director for Fuel Research Director Hideo Yakabe General Manager of Plant Siting & Public Relations Dept. Director Norio Higuchi Superintendent of Low-Level Radioactive Waste Disposal Centre, Enrichment & Disposal Office and General Manager of Plant Construction Dept. Director Yasuhito Shirasaka General Manager of Civil & Architectural Engineering Dept. Director Akimichi Tani General manager of Enrichment & Disposal Office Director Toshirou Funaya General Manager of Reprocessing Dept. and Spent Fuel Vitrified Waste Management Dept. Director Toshikazu Tanaka General Manager of Reprocessing Plant Construction Office Director Kouki Hosoya Deputy General Manager of Rokkasho Administration Director Nobuhiko Ishii Accounting & Finance Dept. Director Hiromoto Iio (President of Nuclear Fuel Machinery Co,. Ltd.) Uranium Enrichment Business Director Seiji Izumi (President of Hokkaido Electric Power Company) Director Toshiaki Yashima (President of Tohoku Electric Power Company) Director Nobuya Minami (President of Tokyo Electric Power Company) Director Hiroji Ohta (President of Chubu Electric Power Company) Director Fujio Shinki (President of Hokuriku Electric Power Company) Director Hiroshi Ishikawa (President of Kansai Electric Power Company) Director Shitomi Takasu (President of Chugoku Electric Power Company) Director Atsushi Oonishi (President of Shikoku Electric Power Company) Director Michisada Kamata (President of Kyushu Electric Power Company) Director Yoshihiko Sumi (President of The Japan Atomic Power Company) II. Corporate Auditors Title Name Work Responsibility Standing Corporate Auditor Yoshihiro Yamawaki Regular basis Standing Corporate Auditor Kenji Kanayama Regular basis Standing Corporate Auditor Shuichi Machida Regular basis Corporate Auditor Yotarou Iida (Senior Corporate Adviser of Mitsubishi Heavy Industries, Ltd. Tokyo) Corporate Auditor Tsutomu Kanai (Chairman and Representative Director of Hitachi, Ltd.) Corporate Auditor Fumio Satou (Chairman of the Board of Toshiba Corporation)