AREVA Combined General Meeting of Shareholders

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AREVA’s shareholders convened today at the Combined General Meeting and approved the presented resolutions relating among others to:

• the split of the par value of the ordinary shares and investments certificates from 38 euros to 3.80 euros. The holders of investment certificates will receive 10 investment certificates with a par value of 3.80 euros for each investment certificate with a current par value of 38 euros.
• the delegation of authority to the Executive Board for the purpose of proceeding to:
  • the reserved capital increase for Kuwait Investment Authority, acting in the name and on behalf of the State of Kuwait (“KIA”), for an amount of around 600 million euros, at the price of 32.50 euros per ordinary share;
  • the reserved capital increase for the French State for an amount of about 300 million euros, at the price of 32.50 euros per ordinary share;
  • an issue of preferred shares without voting rights, with the pre-emptive subscription right maintained for investment certificate holders, amounting to a maximum of 38,312,025.08 euros, at the price of 32.17 euros per preferred share without voting rights, i.e. with a discount of about 1% versus the subscription price of KIA and the French State.

AREVA’s Executive Board, under the chairmanship of Anne Lauvergeon, decided to proceed to the issue of new shares. These capital increases are subject to some suspensive conditions and particularly the visa from the French market authority (Autorité des Marchés Financiers) regarding the prospectus on the issue of preferred shares without voting rights.

The French State, the Commissariat à l'énergie atomique et aux énergies alternatives (“CEA”) and KIA signed a ten-year shareholders’ agreement starting from the completion of the reserved capital increase.

Lastly, investment agreements were signed with KIA and the French State in order to, respectively, enter and strengthen their stake in AREVA’s capital.

Disclaimer

Not for distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan.

The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.

This press release and the information contained herein in no way represent an offer of securities for sale nor the solicitation of an offer to purchase securities, in the United States or any other country.

Securities may not be offered or sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended or exempt from registration. The investment certificates without voting rights, the non-voting preferred shares and the preferential subscription rights of AREVA have not been and will not be registered under the U.S. Securities Act and AREVA does not intend to make a public offer of its securities in the United States. Copies of this document are not being, and should not be, distributed in or sent into the United States.

The distribution of this press release (which term shall include any form of communication) is restricted pursuant to section 21 (restrictions on financial promotion) of Financial Services and Markets Act 2000 ("FMSA"). In relation to the United Kingdom, this document is only being distributed to, and is directed only at, persons (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion Order) 2005, as amended (the "Order"), (ii) falling within Article 49(2) (a) to (d) of the Order and (iii) to whom it may otherwise lawfully be distributed (all such persons together with Qualified Investors (as defined in Prospectus Directive) being referred to as "relevant persons"). This document must not be acted on or relied on in the United Kingdom by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only in the United Kingdom to relevant persons, and will be engaged in only with such persons. By receiving this document you are deemed warrant to the Company that you fall within the categories of persons described above.