ROSATOM announces management changes at its mining division

MOSCOW, 16-7-2014 — /EuropaWire/ — ROSATOM announces management changes at its mining division: Vadim Jivov is stepping down as President of Uranium One Holding and Uranium One Inc., giving up his operational management responsibilities as his family relocates due to children’s education reasons. At the same time Mr Jivov will take up the new role as head of the Uranium One Holding Supervisory Board, while also retaining his position as member of the Uranium One Inc. Board of Directors.

The position of Uranium One Holding’s President will be held by Vasily Konstantinov (currently Senior Vice President at TVEL), who will take up his new post on 1 October 2014. Before that, Ilya Yampolsky, the Company’s First Executive Vice President, will be acting as interim president. Chris Sattler, Uranium One Inc.’s CEO, will assume the operational management responsibilities.

‘In the course of just a few years Mr Jivov managed to establish a mining division and make ROSATOM one of the world’s top three largest uranium producers. In his new capacity as head of the Uranium One Holding Supervisory Board and his ongoing role as member of the Uranium One Inc. Board he will be able to ensure continuity under the adopted growth strategy, while his extensive experience in complex international project development will continue to serve the interests of the Russian nuclear industry,’ said Sergey Kirienko, ROSATOM’s CEO.

About Uranium One Holding
Uranium One Holding N.V. is ROSATOM’s global growth platform at the initial stages of the nuclear fuel cycle, with a portfolio of assets located in Kazakhstan, the United States, Australia and Southern Africa and one of the lowest cash costs globally. The Company owns and manages a 100% stake in Uranium One Inc., a Canadian-based uranium mining company, producing around 5,086 tons of uranium in 2013.