Uranium One Closes Refinancing of Ruble Bonds

TORONTO AND MOSCOW, Aug. 26, 2013 /CNW/ - Uranium One Inc. ("Uranium One" or 
the "Company") today announced that it has completed: 


    --  a public offering in Russia of seven-year ruble-denominated
        Series 2 Bonds for gross proceeds of US$378.8 million
        (RUB12,500,000,000) with a ruble interest rate of 10.25%; and
    --  a simultaneous public offering to repurchase, through the
        facilities of the Moscow Exchange, US$357.6 million
        (RUB11,800,000,000) of the Company's outstanding US$433.3
        million (RUB14,300,000,000) aggregate principal amount
        five-year Series 1 Bonds with a ruble interest rate of 9.75%.(
        (1))

The Series 2 Bonds will be listed for trading on the Moscow Exchange under the 
symbol RU000A0JRTT9.

The refinancing does not affect the Company's pending going private 
transaction, which is still anticipated to be completed by the end of Q3 2013.

This announcement is being made concurrently with one or more similar Russian 
announcements in the form prescribed by the Russian Federal Service for 
Financial Markets.

Notes:

  1. The U.S. dollar amounts given above are indicative and based on
     the current spot exchange rate of USD 1 = RUB 33.0; both series of
     bonds are denominated and payable in rubles.

About Uranium One

Uranium One is one of the world's largest uranium producers with a globally 
diversified portfolio of assets located in Kazakhstan, the United States, 
Australia and Tanzania. ARMZ and its affiliates currently are Uranium One's 
largest shareholder, owning approximately 492.2 million (approximately 51.4% 
of the outstanding) common shares of Uranium One, and have entered into an 
agreement to acquire the remaining outstanding common shares of Uranium One, 
subject to receipt of all necessary regulatory approvals.

Cautionary Statement

No stock exchange, securities commission or other regulatory authority has 
approved or disapproved the information contained herein.

Forward-looking statements:

This press release contains "forward-looking statements" within the meaning of 
applicable securities laws that are intended to be covered by the safe 
harbours created by those laws, including statements that use forward-looking 
terminology such as "may", "will", "expect", "anticipate", "believe", 
"continue", "potential", or the negative thereof or other variations thereof 
or comparable terminology. Such forward-looking statements may include, 
without limitation, statements regarding the completion of the transactions in 
which Uranium One is engaged or expects to be engaged, the use of the proceeds 
of any offering, and other statements that are not historical facts. While 
such forward-looking statements are expressed by Uranium One, as stated in 
this release, in good faith and believed by Uranium One to have a reasonable 
basis, they are subject to important risks and uncertainties including, 
without limitation, the completion of the proposed transactions, the state of 
the capital markets, and changes to the content or application of the relevant 
laws or regulations, which could cause actual results to differ materially 
from future results expressed, projected or implied by the forward-looking 
statements. As a result of these risks and uncertainties, the proposed 
transaction could be modified, restructured or not be completed, and the 
results or events predicted in these forward-looking statements may differ 
materially from actual results or events. These forward-looking statements are 
not guarantees of future performance, given that they involve risks and 
uncertainties. Uranium One is not affirming or adopting any statements made by 
any other person in respect of the proposed transaction and expressly 
disclaims any intention or obligation to update or revise any forward-looking 
statements, whether as a result of new information, future events or 
otherwise, except in accordance with applicable securities or to comment on 
expectations of, or statements made by any other person in respect of the 
proposed transaction. Investors should not assume that any lack of update to a 
previously issued forward-looking statement constitutes a reaffirmation of 
that statement. Reliance on forward-looking statements is at investors' own 
risk.

For further information about Uranium One, please visit www.uranium1.com.



SOURCE  Uranium One Inc. 
Chris Sattler Chief Executive Officer Tel: +1 647 788 8500 
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