Clarification on dismantling costs for AREVA facilities at La Hague

  Clarification on dismantling costs for AREVA facilities at La Hague

Business Wire

PARIS -- January 29, 2013

RegulatoryNews:

In order to maintain financial transparency, AREVA (Paris:AREVA) would like to
clarify that recent press coverage on the costs of dismantling the UP2-400
processing plant does not contain any new information.

Estimations corresponding to the plant dismantling, waste processing and
recovery remain around 4 billion euros, as announced until now. These
estimates, which are updated yearly, have not been revised significantly since
2010.

The provisional costs for end-of-lifecycle obligations are duly assessed and
budgeted for in the group’s consolidated financial statements for all its
nuclear facilities under the scope of the French law of June 28, 2006 and are
covered by a dedicated portfolio of assets earmarked for end-of-lifecycle
operations.

These provisions are subject to validation by the governing bodies of AREVA
and are audited by the statutory auditors. AREVA also responds to any queries
on the subject from the competent administrative authorities, including the
Cour des Comptes [French Court of Audit].

MORE ABOUT

AREVA supplies solutions for power generation with less carbon. Its expertise
and unwavering insistence on safety, security, transparency and ethics are
setting the standard, and its responsible development is anchored in a process
of continuous improvement.

Ranked first in the global nuclear power industry, AREVA’s unique integrated
offering to utilities covers every stage of the fuel cycle, nuclear reactor
design and construction, and related services. The group is also expanding its
operations to renewable energies – wind, solar, bioenergies, hydrogen and
storage – to be one of the leaders in this sector worldwide.

With these two major offers, AREVA’s 48,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of
people.

Contact:

AREVA
Press Office
Julien Duperray
Vincent Kempkes
Jérôme Rosso
Alexandre Thébault
Katherin Berezowskyj
+33 (0) 1 34 96 12 15
F: +33 (0) 1 34 96 16 54
press@areva.com
or
Investor Relations
Marie de Scorbiac, +33 (0) 1 34 96 05 97
marie.descorbiac@areva.com
or
Philippine du Repaire, +33 (0) 1 34 96 11 51
philippine.durepaire@areva.com
 
Press spacebar to pause and continue. Press esc to stop.