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AREVA signs agreement to supply MOX fuel to Japanese utility CHUBU

Press release

March 13, 2006

On Monday, March 13, 2006, AREVA* signed an agreement to supply MOX fuel to the Hamaoka nuclear power plant operated by CHUBU.

The fuel will be fabricated in six production runs through 2020. The plutonium from treatment of CHUBU's used fuel at the La Hague plant will be completely recycled in this manner.

The contract is a sign of Japanese utilities' confidence in the AREVA group's technology and expertise and another indication that their recycling programs are restarting.

This commercial success confirms AREVA's position as the leading manufacturer of MOX.

*via the Commox intercompany venture created between AREVA NC (60%) and Belgonucléaire (40%) to market MOX fuel, particularly to Japan. MOX fuel contains a mixture of uranium and plutonium oxides resulting from used fuel treatment and is used in some nuclear power plants in Europe and Japan.

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