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AREVA Forms a Joint Venture to Develop Its Mining Activities in Mongolia



  AREVA Forms a Joint Venture to Develop Its Mining Activities in Mongolia

Business Wire

PARIS -- October 26, 2013

Regulatory News:

AREVA (Paris:AREVA) has signed an agreement to develop uranium mines in
Mongolia and to create the company AREVA Mines LLC, 66% owned by AREVA and 34%
owned by MON-ATOM, the Mongolian state-owned nuclear company.

An agreement for Mitsubishi Corporation to take an equity interest has also
been signed.

The signing ceremony took place in the presence of Mr. Luvsanvandan Bold,
Mongolian Minister for Foreign Affairs, Mr. Laurent Fabius, French Minister of
Foreign Affairs, Mr. Luc Oursel, president and CEO of AREVA, and Mr. Ken
Kobayashi, president and CEO of Mitsubishi Corporation.

Present in the country since 1997, AREVA has carried out exploration work
resulting in the discovery of two uranium deposits in the province of
Dornogobi, Dulaan Uul and Zoovch Ovoo, whose resources are estimated at 60,000
tonnes.

Luc Oursel declared that: “This collaboration, which also involves our partner
Mitsubishi Corporation, is strategic on two levels. It will enable us to
develop the uranium sector in Mongolia and to pursue the geographic
diversification of AREVA’s mining activities.”

MORE ABOUT AREVA

AREVA supplies advanced technology 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 operating services. The group is actively
developing its activities in renewable energies – wind, bioenergy, solar and
energy storage – to become a European leader in this sector.

With these two major offers, AREVA’s 46,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of
people.

Tour AREVA – 1 Place Jean Millier – 92084 La Défense Cedex – France – Tel :
+33 (0)1 34 96 00 00 – Fax : +33 (0)1 34 96 00 01

Contact:

Press Office
Julien Duperray
Katherine Berezowskyj
Aurélie Grange
Jérôme Rosso
Alexandre Thébault
T: +33 (0)1 34 96 12 15
press@areva.com
or
Investors Relations
Marie de Scorbiac
marie.descorbiac@areva.com
T: +33 (0)1 34 96 05 97
Philippine du Repaire
philippine.durepaire@areva.com
T: +33 (0)1 34 96 11 51
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