June 29, 2001

Press Release Concerning JNFL Executive Personnel Changes

Japan Nuclear Fuel Limited

JNFL announced that the following executive personnel changes were approved at the 22nd stockholders' general meeting and the 142nd board of directors meeting held today.

I. Newly Appointed Directors Chairman Nobuya Minami (Former Director of Japan Nuclear Fuel Limited) Executive Vice President Toshio Inomata (Former Senior Managing Director of Japan Nuclear Fuel Limited) Senior Managing Director Yoshio Hirata (Former Managing Director of Japan Nuclear Fuel Limited) Managing Director Kouichi Akama (Newly appointed) Managing Director Akimichi Tani (Former Director of Japan Nuclear Fuel Limited) Managing Director Akiyoshi Minematsu (Newly Appointed) Managing Director Nobuhiko Ishii (Former Director of Japan Nuclear Fuel Limited) Director Yoshihiro Ootou (Newly appointed) Director Hiroshi Shimizu (Newly appointed) Director Takao Kimura (Newly appointed) Director Keiichi Makuta (Newly appointed, part-time) Director Fumio Kawaguchi (Newly appointed, part-time) Director Yousaku Fuji (Newly appointed, part-time) Director Shigeo Shirakura (Newly appointed, part-time) II. Outgoing Directors Chairman Hiroji Oota (part-time) Managing Director Kensuke Fueki Managing Director Hideo Yakabe Director Takahiko Oono   Director Norio Higuchi   Director Toshiaki Yashima (part-time) Director Hiroshi Ishikawa (part-time) Director Shitomi Takasu (part-time) Directory of Executives I. Executives Title Name Work Responsibility Chairman Nobuya Minami (Chairman of Federation of Electric Power Companies, President of Tokyo Electric Power Company) President Masashi Sasaki Executive Vice President Manabu Negishi Overall Operation Executive Vice President Yasuo Matsumoto Overall Operation Executive Vice President Toshio Inomata Overall Operation, General Manager of Rokkasho Administration, Director for Safe Operations Senior Managing Director Takashi Akutsu Legal Affairs Office, Collecting and Researching of Domestic and International Information Senior Managing Director Mitsuo Suzuki Planning Dept. MOX Fuel Fabrication Dept. Managing Director Yoshio Hirata General Manager of Reprocessing Office Managing Director Yoshihisa Hagawa General Affairs Dept. Personnel Dept. Material & Purchasing Dept. Marketing Dept. Managing Director Hiroyoshi Hamada Reprocessing Dept. Safeguards Dept. Managing Director Kei Nakada Spent Fuel & Vitrified Waste Management Dept. Radiological Safety Dept. Managing Director Seiichiro Isobe Low Level Waste Management Dept. Civil & Architectural Engineering Dept. Safety Technology Dept. Managing Director Junichi Yamaji Tokyo Office Managing Director Kouichi Akama Plant Siting & Public Relations Dept. Managing Director Michiaki Tani Uranium Enrichment Dept. General Manager of Enrichment & Disposal Office and Superintendent of Uranium Enrichment Research & Development Center Managing Director Akiyoshi Minematsu Deputy General Manager of Reprocessing Office Managing Director Nobuo Ishii Accounting & Finance Dept. Director Yasuhito Shirasaka General Manager of Civil Architectural Engineering Dept. Director Yasuhito Shirasaka General Manager of Civil & Architectural Engineering Dept. Director Toshirou Funaya General Manager of Reprocessing Dept. Director Toshikazu Tanaka General Manager of Reprocessing Plant Construction Office, Reprocessing Office Director Kouki Hosoya Deputy General Manager of Rokkasho Administration, Director for Safe Operations Director Shingo Matsuoka General Manager of Safety Technology Dept. Director Morihiro Yoneda General Manager of MOX Fuel Fabrication Dept. Director Katsuhiko Yamazaki General Manager of Marketing Dept. Director Yoshihiro Ootou Deputy General Manager of Reprocessing Plant Construction Office, Reprocessing Office Director Hiroshi Shimizu General Manager of Tokyo Office Director Takao Kimura Superintendent of Low-level Radioactive Waste Disposal Center, Enrichment & Disposal Office Director Hideo Minamiyama (President of Hokkaido Electric Power Company) Director Keiichi Makuta (President of Tohoku Electric Power Company) Director Fumio Kawaguchi (President of Chubu Electric Power Company) Director Fujio Shinki (President of Hokuriku Electric Power Company) Director Yousaku Fuji (President of Kansai Electric Power Company) Director Shigeo Ishikura (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 Nobuyuki Masuda (Board of Directors, Mitsubishi Heavy Industries Ltd.) Corporate Auditor Tsutomu Kanai (Chairman and Representative Director of Hitachi, Ltd.) Corporate Auditor Taizo Nishimuro (President & Chief Executive Officer, Toshiba Corporation)