Yes, Nuclear Is an Energy of the Future Contents

YES, NUCLEAR IS AN ENERGY OF THE FUTURE CONTENTS

EDITORIAL

YES, 05PURPOSE AND COMMITMENTS NUCLEAR IS AN ENERGY OF THE FUTURE 1 CLIMATE4

CLAUDE IMAUVEN Chairman of the Board of Directors

2MADE0 IN FRANCE The Covid-19 health and economic crisis has shown us this. By questioning our development model, it has called for a fairer, more sustainable and safer society. A society in which Orano has a role to play. A key player in a nuclear sector 2LOCAL8 that provides abundant, reliable and low-carbon ROOTS electricity, the group actively contributes, through its technologies, industrial know-how, skills and commitment, to the society of tomorrow. A group at the forefront of the fight against global warming and the preservation of the planet’s resources, committed to the development of 36EMPLOYMENT regions, employment and medical research, ready AND SKILLS to respond to the challenges of our time, whether they concern energy, the environment or health. By adopting a Purpose and a new commitment policy, the group has chosen to set itself ambitious objectives. The Board of Directors approved this approach, which strengthens Orano’s positioning 4THE WORLD4 OF TOMORROW as a committed player providing solutions for the world of tomorrow.

So yes, nuclear energy is essential for present and future generations.

5ORANO2 IN BRIEF

1 edge technologies and its ability to to meet the needs of its customers, PHILIPPE KNOCHE rise to the challenges of tomorrow. present and future, creating value for Climate Strengthening our attractiveness also them and for us. Chief Executive Officer means being able to instill greater diversity and inclusion in our organization, This value creation means firstly “Since its creation, Orano has been combating all forms of discrimination. through innovation. Innovation that committed to the fight against global With an ambitious target for 2025: meets customer expectations. warming. Firstly, because nuclear that 75% of employees recommend Innovation that serves society, the energy is low-carbon, and promotes Orano to outside parties and, in particular, energy transition and the preservation the decarbonization of electricity to those who wish to join our group.” of resources. And innovation which generation, which has become an allows the development of new growth essential component of the energy opportunities, in new business sectors. THE BIG transition and effective scenarios to This is the pioneering spirit of Orano, mitigate greenhouse gas emissions so precious in building the next world. (GHG). But we go further. Customers The group’s Innovation Business Since 2004, we have already reduced growth strategy explores models for future INTERVIEW emissions from our industrial sites. value creation. We therefore plan to We will continue with a target of reducing continue expanding our recycling offer. our direct and indirect emissions by “There can be no development of In the medical field, we are proud of the 40% by 2025 compared to 2015, the a company without the trust and promising projects pursued by Orano benchmark year for France’s national satisfaction of its customers. Med, our subsidiary dedicated to nuclear In a world where climate change and access to energy represent low carbon strategy (Stratégie nationale Orano has a large customer portfolio, medicine, to develop new therapeutic significant challenges, in 2021 Orano is rolling out a new corporate project bas carbone – SNBC). More than based on strong, long-term customer solutions for the treatment of cancers.” 10 decarbonization projects are currently relationships. Our group must continue based on commitment, with strong ambitions. Philippe Knoche being studied in order to achieve presents the five strategic axes that will project Orano into the future. this goal. It is a priority environmental objective for our group.”

Skills “We want to build a group connected to “A company that puts skills at the center of its priorities is an attractive company. its environment, which acts for the climate, When we foster talent development the preservation of resources and health. contributing to economic development through our training policy, when we while protecting the environment. create working conditions that contribute A group capable of being profitable while Community to well-being, when we promote high- contributing to carbon neutrality, developing According to a survey we have quality social dialog, we create pride in conducted, 60% of people living near belonging and commitment. Today, this the skills of its employees, attracting “What makes our activities special is our sites in France believe that nuclear is the purpose of our ambition and our the best talent and innovating to position their timescale. It takes several decades, energy is an asset for the region. actions: developing the talents already from the project phase to redevelopment, We hope that these local roots will present and attracting those of tomorrow. Orano in the world of tomorrow.” including the operational phase, and continue to grow even stronger in the requires us to forge long-term relationships coming years, relying on the ongoing Joining Orano is the possibility of with the regions that host our industrial pursuit of economic development, entering a multitude of professions at or mining sites. We commit very early proactive initiatives for the environment, the crossroads of climate and energy, on to close relationships with our local such as eco-design, and a frank and a group recognized for its culture of stakeholders in order to share our vision: constructive dialog.” innovation, industrial expertise, cutting-

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OUR PURPOSE

Meeting To develop know-how in the challenges the transformation and control of today of nuclear materials, for Cash and tomorrow the climate, for a healthy

“In 2020, Orano confirmed its level of “On the strength of these solid results, and resource-efficient world, profitability with a positive net cash and the commitment at all levels of flow, allowing further debt reduction, the company to safety and security, now and tomorrow. but also with a gross operating margin Orano wishes to continue its development that rose by more than 25%. As in by promoting nuclear materials for previous years, order intake also reached the climate, healthcare and a resource- a very high level of 1.9 billion euros, efficient world. despite the health crisis. This is testament to the confidence of our customers, Our new Purpose defines who we are, whether in the supply and transformation and is consistent with society’s current of uranium, the manufacturing of concerns. It commits us to being recycled MOX fuel, or short-cycle services proactive and providing solutions for (transportation, manufacturing of current challenges concerning the packages, engineering, dismantling), climate, energy or societal issues and enabling Orano to prepare for the future. projects the group into the future with ambitious targets.” Our group has two very compatible objectives for the coming years: continue to reduce its environmental footprint, particularly in the use of raw materials, water and waste reduction; operate efficiently and be profitable.”

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COMMUNITY CLIMATE

BE ENGAGED AND CONTRIBUTE PURPOSE AND COMMITMENTS RESPONSIBLE LOCALLY TO CARBON IN OUR ENVIRONMENT NEUTRALITY Through its Purpose, Orano is fully committed to climate protection, the preservation of natural resources and the search for innovative healthcare solutions. This Purpose is not an empty claim. It drives our dynamism and deeply commits us. It is now part of our corporate project and informs the roadmap which will guide our actions to the year 2030. Relationships with our COMMITMENTS This is the number one stakeholders are all 5 climate challenge worldwide. the more important as our Proof of our determination, Thanks to low-carbon nuclear activities are conducted values and responsibilities energy to generate electricity, over several decades. towards society. Orano contributes to Orano aims to be a committed the fight against global and responsible player in warming while reducing the regions where it operates, its carbon footprint. ACTIONS VISIBLE AS OF 2021 both for the preservation of their environment and their development. Integration of CSR criteria into the compensation of managers In 2021, the implementation of certain actions and the achievement of the roadmap objectives will count for 10% in the variable compensation criteria for some 2,500 eligible managers worldwide. The objectives cover topics as diverse as the carbon footprint, eco-design, waste SKILLS CUSTOMER GROWTH CASH reduction, skills development, youth employment and inclusion, and impactful innovation. MOBILIZE PROUD INNOVATE TO OPERATE AND COMMITTED PRESERVE EFFICIENTLY WHILE Investments assessed according to their consistency EMPLOYEES, RESOURCES AND REDUCING OUR with the corporate project WHO EMBODY PROTECT HEALTH FOOTPRINT In 2021, all investment projects will be presented to the Executive Committee and the Board of Directors according to an analytical grid OUR PURPOSE assessing their consistency with the group’s five commitments. A grid structured around the six Sustainable Development Goals (SDGs) that Orano has placed at the heart of its commitment policy. This principle will be extended to other group processes in the area of acquisitions, offers, purchasing, etc.

The implementation A company can only grow Orano is convinced that A third electric boiler for Orano la Hague of our commitment policy relies with the trust of its customers. there can be no Orano la Hague has decided to reduce its carbon footprint by replacing on the women and men Orano must continue to economic performance of Orano. The group’s objective respond to the needs of its and sustainable profitability a heavy fuel oil boiler with a third electric boiler. In October 2020, the is to develop the skills current and future customers without reducing the heavy fuel oil supply was ended and the boiler is currently being of today and tomorrow in with innovative products environmental footprint. supplied with domestic fuel oil pending the order for the electric boiler an attractive, inclusive and and services, while offering in 2021. The installation and commissioning of the new boiler by 2023 innovative environment. society solutions in the fields will ultimately result in savings of more than 40,000 metric tons of CO2e. of the preservation of the environment and healthcare.

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COLLECTIVE WORKING “This motivating project was PURPOSE AND COMMITMENTS RICH IN EXCHANGES co-constructed throughout 2020 ̵40% AND COMMITMENTS with more than 1,300 group reduction in our direct and indirect 2025 1,000 managers involved in employees and 130 stakeholders. carbon footprint, compared to 2015 MARKERS mentoring or tutoring actions (scopes 1 and 2) This collective work led to the formalization of our Purpose, our commitments and our roadmap 80% €4.5Bn to 2030.” of people living near our sites 10̵ % in revenue of non-recycled waste have a positive view of Orano’s while maintaining EBITDA of produced versus 2019 actions in their region more than 1 billion euros CHALLENGING OUR PERCEPTION OF ORANO L G Who is Orano today? What is our added value? How are we perceived 2030 OBJECTIVES by our main stakeholders, whether LAURENCE customers, suppliers or local residents, elected officials, journalists, etc.? COMMUNITY SKILLS CUSTOMER GROWTH GAZAGNES To respond to these issues, 55 Orano HSE(1) Director employees interviewed 130 stakeholders to better understand their expectations vis-à-vis Orano in social and environmental matters. Their feedback Strengthen local roots, Offer professional and Expand our recycling offer is the subject of a summary report particularly in the area of skills personal development in an A CO-CONSTRUCTION called a “materiality analysis”, a first development and employment attractive working environment APPROACH for Orano. L G Because Orano’s future is being constructed together, the commitment- WHAT IS A MATERIALITY Develop anti-cancer treatments based approach had to be established ANALYSIS USED FOR? Create a second life for the sites collectively. Since the last quarter of L G It identifies the significant and Be a benchmark, 2019, the teams have worked with the relevant issues that have an impact inclusive employer that Executive Committee, 1,300 managers on the group’s performance, prioritizes promotes diversity Become a player in and employees. At the end of 2019, them and compares and contrasts the medical, industrial and a first phase enabled the group to select impressions within Orano with those Eco-design all our major projects research isotopes market the six priority Sustainable Development of external stakeholders. These open Goals (SDGs) from among the and constructive discussions provided 17 challenges for society set out by the a wealth of useful feedback. CLIMATE Develop our CASH UN. This co-construction approach The process and the collective approach innovation ecosystem continued during the first half of 2020, helped us to define our Purpose, in the middle of the lockdown, through commitments and roadmap to 2030. a series of workshops involving HOW IS THIS ROADMAP Improve the efficiency managers and employees working Reduce the “equivalent” of the extended enterprise by 25% on Orano’s contributions to these GOING TO BE ROLLED OUT? carbon footprint of our activity in line six themes: L G Starting this year, it will inform with the Paris Agreement climate and carbon neutrality; Orano’s processes and policies, as well preservation of natural resources as our strategic priorities up to 2030. and reduction of waste; In order to give a strong momentum to Reduce our production of non-recycled waste by 25% reliable energy at an affordable cost; this approach, quantified objectives environmentally friendly and markers have been defined by the Innovate to reduce the footprint industrialization and innovation; teams as of 2025. They will be rolled of our customers and increase the acceptability of nuclear energy skills development in the regions; out within all group entities so that and materials safety, security, health and the everyone contributes. contribution to medical research. (1) Health, safety, environment.

8 9 LATEST NEWS FROM ORANO

SNAPSHOTS

MANAGING THE PROJECTS COVID-19 SITUATION Since the epidemic's first wave, SIGNATURE OF A CONTRACT Orano put in place a system to adapt its WITH THE FRENCH ATOMIC industrial activity to the development

2020 ENERGY COMMISSION AND of the health crisis, with three priorities: MILITARY APPLICATIONS CHEMISTRY preserve the health of its employees; DEPARTMENT (CEA-DAM) FOR & ENRICHMENT ensure the nuclear safety A NEW RECYCLING WORKSHOP of its facilities; The contract covers the detailed THE PHILIPPE COSTE PLANT: maintain the energy supply APRIL preliminary design for a new nuclear COMMISSIONING OF THE contributing to the generation waste recycling workshop at the SECOND BUILDING FOR of electricity. 2020 Valduc site, in France. It marks FLUORINE PRODUCTION a significant step in the growth Philippe Coste, on the Tricastin site, Thanks to the commitment and of Orano’s external activities. houses the new additional fleet of mobilization of its teams, Orano The workshop was named “R2D2” 34 electrolyzers, equipment designed was able to continue to respond to and represents 18 million euros in to produce the fluorine needed strategic needs of EDF and its European and international customers. engineering services. An agreement to convert UF4 into UF6. These new AUGUST that resulted in the mobilization units will make it possible to double Throughout the crisis, the group also of the first Orano employees at the fluorine production capacity to supported front-line caregivers in the Valduc site in the last quarter 15,000 t U/year. On August 20, 2020, the fight against the epidemic. Orano of 2020. the first kilos of UF6 were produced. distributed more than 80,000 masks and 30,000 sets of protective equipment to hospitals located near its facilities and to healthcare professionals, as well as various laboratories. Protective visors manufactured using its 3D printers and hydroalcoholic solution produced RECYCLING in its Beaumont Research Hall (Normandy) are all initiatives taken CONVERGENCE PROJECT: by the group’s women and men. TRANSFORMATION OF THE Watch the video

2020 LA HAGUE SITE TO CREATE THE PLANT OF TOMORROW Convergence revisits the industrial model with a view to a single JULY treatment plant on the Orano la Hague site. This project is based on two key areas: modernization of the control rooms and systems and bringing together support functions in one place, the latter currently being spread over nearly 30 different locations on the site.

10 11 LATEST NEWS FROM ORANO FROM NEWS LATEST SNAPSHOTS 12

OCTOBER 2020 began on October 22, 2020. 22, October on began campaign drilling Desert Kyzylkum The country. in the mining operations and to develop activities exploration agreement the with Uzbek Government Asia a and signed partnership presence in Central its strengthened 2019, In mining business. Orano Orano’s of strengths the of is one andmethods geographical locations operating of diversification The DESERT, UZBEKISTAN KYZYLKUM THE IN CAMPAIGN DRILLING THE OF LAUNCH MINING OCTOBER 2020 On October 29, 2020, the Orano Med Med Orano the 2020, 29, October On TREATMENTS OF CANCER FOR THE DEVELOPMENT CAPACITY PRODUCTION INCREASE IN LEAD-212 MEDICINE NUCLEAR marketing of cancer treatments. cancer of marketing to enable the development and standards, pharmaceutical with accordance in purity of alevel at and quantities in sufficient isotopes necessary the produce to commitment Med’s Orano of realization is the milestone This (France). Gartempe Bessines-sur- in located (LMT) Tubiana Maurice Laboratoire at the lines production new the on nitrate thorium lead-212 of by dissolving for theproduction operation the first conducted teams successfully

NOVEMBER 2020 Orano Florida. in (CR-3), plant power 3nuclear River Crystal the of reactor water pressurized and management of used from the fuel dismantling complete the for dollars million 500 than more for a contract with Orano, and NorthStar between venture ajoint (ADP), Partners Decommissioning Accelerated entrusted Duke Energy generator electricity American North The POWERNUCLEAR PLANT RIVER CRYSTAL THE FOR LICENSE OPERATING THE OBTAINS ADP SERVICES & DISMANTLING and primary cooling system components. system cooling and primary and packaging of vessel reactor the ’ MARCH 2021 cutting the out carry will s teams Nuclear Technologies Daher America. Germany and North in locations its for particularly Orano, to interest particular was of business logistics The industries. high-tech and aeronautics for services logistics of operator and adesigner is also group The manufacturer. equipment and aircraft an only is not Daher AMERICA NORTH AND GERMANY IN ACTIVITIES NUCLEAR ITS ACQUIRE TO DAHER WITH AGREEMENT AN OF SIGNATURE SERVICES & PACKAGES NUCLEAR and provides new sites. new provides and business, the nuclear transportation in position its reinforce to group the helps thus transportation upstream

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13 group’s social and human commitment. the embody which actions out carry aims to to Solidaires continue Orano Solidaire. de Pouce and Narbonne Coup AVI as Drôme, such pandemic, the combat to work that others or charities, center care local to donate to possible it has made collection This matched by Orano”. =1 euro given euro “1 principle the to according employees Orano from than than more creation, its after year One groups. population disadvantaged most the for and caregivers for support research, medical pandemic: the combat to areas essential Solidaires” “Orano operation the launched group the crisis, health aglobal of context the In 40,000 euros40,000 ORANO SOLIDAIRES ORANO have been collected collected have been based on three three on based

CLIMATE

YES

NUCLEAR POWER IS AT THE FOREFRONT OF THE FIGHT AGAINST GLOBAL WARMING

Over CO₂ 90% Electricity generation is the main Thanks mostly to nuclear power, source of CO2 emissions worldwide but also to renewables including due to the predominant share of hydropower, France has over 90% fossil fuels (mainly gas and coal). low-carbon electricity.

According to experts at the IPCC(1), Climate experts recommend increasing to limit global warming the proportion of low-carbon energy to +1.5°C, the use of nuclear used to generate electricity from energy is essential. 30% today to more than 80% by 2050.

(1) Intergovernmental Panel on Climate Change.

14 15 CLIMATE #1 �� #4 ��

Low-carbon energy Competitive energy +60% reasons to Nuclear energy is one of the least greenhouse gas (GHG) Nuclear energy is actually one of the least expensive sources of electricity, This is how much more a German emitting energies in the world with emissions comparable to allowing France to have an electricity price which is among the lowest household pays on its electricity bill 7 rely on nuclear wind power, 4 times lower than that of solar and 40 times less in Europe. compared to a French household. than gas. Its very low level of CO2 emissions makes it an power to combat indispensable energy for the low-carbon transition.

global warming Greenhouse gas emissions (gCO2eqkWh) 900 The capacity of nuclear 800 #5 �� #6 �� 700 to guarantee low-carbon 600 electricity generation 500 400 A vital energy Energy with is invaluable in addressing 300 the climate emergency. 200 for the world low raw material 100 0 Coal Gas Solar Hydro Nuclear Wind of tomorrow consumption 96% Source: IPCC literature review, 2015. The equation to be resolved is well Orano recycles used nuclear fuel to of used fuel is recyclable, DID YOU KNOW? known: in 2050, due to the growth produce new fuel, thereby helping to helping to preserve in global demographics, the use of preserve natural resources. In France, natural resources. The significant share of nuclear power enables France to electric mobility and economic one in ten light bulbs works thanks to have one of the most low-carbon electricity mixes in Europe. development in emerging countries, recycled nuclear fuel. 100 g we will need twice as much electricity. With the recycling of uranium and used of uranium produce At the same time, we need to achieve MOX fuel, savings of 25 to 30% of raw as much energy as carbon neutrality. materials could be achieved. one metric ton of oil.

#2 �� #3 �� Constant Essential energy #7 �� and controllable for the electricity mix As electricity generation is currently In all scenarios studied by the IPCC and the IEA(1) to the primary source of CO2 emissions Health-friendly energy generate low-carbon electricity, a significant development worldwide due to the use of fossil Thanks to its robust production system, of renewable energies can only be considered alongside fuels (coal and gas), climate experts energy nuclear power supplies electricity on a nuclear energy in order to avoid the use of fossil fuels. recommend increasing the share of Unlike fossil fuel power plants (coal, gas, oil), nuclear power plants continuous basis that can be adapted to Renewable energies (solar, wind) are by nature intermittent low-carbon energy used to generate it do not emit fine particles, nitrogen dioxide, or sulfur dioxide into demand. Thus, nuclear power contributes and cannot on their own meet the current and future energy from 30% to more than 80% by 2050. the atmosphere. Atmospheric pollution, in addition to the climate significantly to securing electricity needs of 8 billion people on the planet. emergency, is also a major public health issue. transmission to hospitals, companies, As a result, nuclear and renewables must be considered housing and transport worldwide. together to sustain the low-carbon energy transition DID YOU KNOW? Another major benefit of nuclear power is and meet France’s commitments to fight global warming. Power plants are often pictured with gigantic plumes of smoke that France is 56% energy independent. coming out of the reactors. These are not CO2 emissions but only water vapor from cooling towers. It is completely harmless to (1) International Energy Agency. humans and the climate.

16 17 CLIMATE

IMPROVE OUR ENERGY EFFICIENCY The challenges of energy efficiency are an essential driver of Orano’s decarbonization goals. Based on energy audits and the measurement of the direct and indirect carbon footprint started in 2004, an action plan has been established to reduce the group’s energy and carbon bill. These actions –60 % –91 % concern the replacement of fuel-powered REDUCTION in direct REDUCTION equipment with electrical equipment, the and indirect GHG IN ENERGY introduction of LED lighting, optimization of fluid emissions (scopes 1 and 2) CONSUMPTION since 2004 since 2004 production tools and the possible use of renewable energy production resources in countries where electricity is highly carbon-intensive. ASSESS THE FOOTPRINT OF OUR VALUE CHAIN Orano consolidates knowledge of its scope 3 emissions, meaning emissions from its Upstream and Downstream activities in the nuclear fuel cycle, with a view to identifying reduction drivers. This scope, by nature very diverse, concerns the purchase of raw materials, equipment, etc.

Its assessment shows 1.3 MtCO2e, i.e. three times the direct and indirect emissions (scopes 1 and 2), of which 70% from the item “Purchases of goods and services”. The identification of drivers to lower consumption, consume locally and increase low-carbon consumption will also have the objective of generating positive effects on REDUCE the group’s efficiency.

OUR CARBON GREENHOUSE GAS

CONTRIBUTE TO CARBON NEUTRALITY EMISSION SCOPE IN 2050 (GHG protocol definition) Based on these results, Orano wants to contribute op FOOTPRINT to carbon neutrality with a new target to reduce sc e its GHG emissions by 2030. The group is studying 1 more than 10 internal decarbonization projects Direct emissions from fossil fuel for a total of 140 ktCO2e. Through its objectives combustion (gas, oil, coal), direct While Orano is already committed –60% REDUCTION IN GHG EMISSIONS to reduce its own footprint, Orano will contribute emissions from refrigerant gases, SINCE 2004 to further reducing that of nuclear energy. to the climate, by reducing greenhouse direct emissions from CO2 Orano had made a commitment to reduce The group is convinced that nuclear materials not resulting from combustion. gas (GHG) emissions through its greenhouse gas emissions by 50% between and the production of low-carbon, safe and ope the generation of low-carbon nuclear 2004 and 2020. This target was exceeded competitive nuclear electricity can play an sc with a reduction of 60% thanks to the efforts essential role in serving the climate and carbon 2 electricity, the group has decided to neutrality. Orano works alongside its customers of all its business lines. This performance Indirect emissions related to go further by implementing a program to ensure that this goal is achieved. is the result of the implementation of new consumption of electricity, heat or in 2004 to reduce its environmental industrial processes and the renewal of the steam required for the activity. footprint in order to contribute to the industrial facilities with some of the most modern plants in the world, resulting in TARGET –40% scope Paris Agreement and the collective a reduced environmental footprint. It is also on Orano scopes 1 and 2 by 2025 3 the result of technological choices, as in effort to achieve carbon neutrality compared to 2015, benchmark year of the Other emissions not arising the case of the used fuel recycling plant in 2050. National Low Carbon Strategy (Stratégie from the items described above. in la Hague, with a choice made to use Nationale Bas Carbone - SNBC), electricity rather than fuel oil to produce in order to comply with the Paris Agreement steam for the site.

18 19 MADE IN FRANCE

YES

NUCLEAR POWER IS A SHOWCASE FOR FRENCH EXPERTISE

220,000 largest French industry jobs after aeronautics and automotive

An industry that contributes 3,600 companies 6 billion euros per year to in the regions of which 85% the French balance of trade are VSEs and SMEs

20 21 MADE IN FRANCE

TN® Eagle completes the new generation An inflatable, controlled environment room of Orano nuclear packages to protect patients and caregivers

Intended for transportation and dry storage, TN® Eagle completes The Orano group, the start-up Aircaptif (design office) and Cir Médical (equipment the latest generation of Orano packages. Its modular design provides supplier for emergency physicians) pooled their skills to design, in record time, a decisive competitive advantage. It targets a global market. an inflatable, controlled environment room to remedy the congestion in hospitals in the context of the health emergency due to the Covid-19 pandemic.

THE ADVANTAGES OF October 2020. Assembly operations in Deployed in 40 minutes, this device REVOLUTIONARY PACKAGING the new production workshop are takes the form of an inflatable structure TN® Eagle is a new generation of planned for the end of 2021 for the housing an airtight room. The room ADVANTAGES packaging for the transportation and commissioning of the TN® Eagle at the has an extraction-based ventilation OF THE CONCEPT storage of used fuel. With a modular end of 2023, with the first system developed by Orano, which structure, it is built from standard transportation of used fuel in the guarantees static and dynamic • Reusable, rigid inflatable structure United States. confinement and protects not only technological bricks and meets the A RANGE OF • Single-use vinyl frame if desired various needs of electricity customers the patient but also caregivers from A 4.0 PRODUCTION WORKSHOP CUSTOMIZED • Operational within 40 minutes around the world by combining the risk of contamination. Orano is investing in a manufacturing NUCLEAR • Static confinement in accordance better features in terms of safety, workshop dedicated to TN® Eagle in PACKAGING EASY TO INSTALL, with the ISO 10648-2 standard productivity and high performance. Cherbourg, France, to ensure deliveries LIGHT AND MODULAR A particular feature of TN® Eagle: • TN® 17 MAX: • Dynamic confinement in accordance of packaging to customers worldwide The concept can be easily installed it will be manufactured using an transportation of used with the ISO 17873 standard by sea and facilitate deliveries of by two operators. It is modular, reusable innovative, seamless process, fuel to the Orano la Hague • Custom confined rooms from packaging components by suppliers. and can be deployed in multiple forms which makes it possible to optimize recycling plant 2 m² to more than 30 m². The workshop’s capacity will initially ranging from 2 m² to more than 30 m². manufacturing with greater robustness. ® be 10 packages per year. This next- • TN G3: Depending on requirements, the inflatable • Applicable to all business sectors In less than a year, it obtained approval generation manufacturing workshop commissioning in 2023 room can be mounted in a building, a from the French nuclear safety will deliver packaging to customers in two versions, hangar, a laboratory, an aircraft, or even authority: a fundamental step in its in less than 15 months from the launch long and short a helicopter to isolate contaminated future international development. ® patients. Medical Pharmaceutical of the forged metal containment • NUHOMS : sector industry A VERSION ADAPTED chamber and the final acceptance half of dry storage AN INNOVATION FOR THE AMERICAN MARKET of the packaging. packaging in FROM ORANO PROJECTS To meet the specific needs of the the United States As part of the development of the American market (storage of used fuel ® • NUHOMS MATRIX: concept, Orano used the expertise of in canisters), Orano’s teams will Electronics Aerospace a revolutionary Orano Projects teams, specialized in slightly adapt the TN® Eagle design storage system the engineering of complex ventilation and have already submitted an • TN ® EAGLE: systems that block 99% of particles application for approval to the NRC, the latest, commissioning the size of a virus. the US Nuclear Regulatory Commission. in 2023 Fine chemicals Biotechnology The first production run for the American market began in

22 23 MADE IN FRANCE

ORANO, INDUSTRIAL AND URANIUM ENRICHMENT ORANO TRICASTIN

TECHNOLOGICAL KNOW-HOW • Number 3 in the world for enrichment • Georges Besse II: the largest enrichment complex in Europe • Production capacity: 7.5 million SWU/year

Located in Tricastin, the Georges Besse II plant is one of Orano has unique expertise in the nuclear fuel cycle. A photo report the largest industrial platforms for the enrichment of uranium by centrifugation, offering the best guarantees in on this industrial know-how, made possible by some of the most terms of technical reliability, energy savings and modern facilities in the world, recognized by the entire market for environmental impact. Enrichment activities precede the final stage of manufacturing fuel assemblies for nuclear its technological expertise and cutting-edge processes. power plant reactors around the world. In 2021, the Orano Tricastin site is developing new activities, based on its experience in uranium chemistry, conversion and enrichment, with the construction of the stable isotopes laboratory, which opens up opportunities for the healthcare market in particular.

URANIUM EXPLORATION, EXTRACTION AND PROCESSING, PROJECT DEVELOPMENT AND REMODELING

ORANO MINING TREATMENT AND RECYCLING OF USED FUEL • Among the top 3 uranium producers worldwide

• 4 operating sites in 3 countries ORANO LA HAGUE • 3,445 employees • Number 1 industrial platform for recycling nuclear materials in the world With mines in operation in Canada, Kazakhstan and Niger, • 2 production lines: UP2-800 and UP3 Orano is one of the world’s leading uranium producers thanks to competitive production costs and cutting-edge • more than 1,000 metric tons of used fuel processed extraction techniques. The diversity of its resources each year and reserves over 20 years guarantees its customers sustainable access to uranium. In Kazakhstan, the KATCO The Orano la Hague plant is in charge of the first stage of joint venture, which operates the largest “in situ recovery” radioactive material recycling operations for future use in (ISR) uranium mine in the world, supplies approximately new fuels, followed by the packaging of these recyclable 7% of the annual world production, with more than materials and final waste in a safe and stable form. The 40,000 metric tons of uranium produced since 2006. site is recognized for the performance of its state-of-the- The ISR technique, suitable for low uranium content art facilities. Each year, more than 300 million euros are deposits, is a competitive exploration technology that is invested in the site’s long-term performance, with respectful of the environment. dismantling projects for the site’s first plant (UP2-400), now shut down, and the safety of the facilities.

URANIUM CONVERSION ORANO MALVÉSI & PHILIPPE COSTE

• World leader in uranium conversion • An entirely renovated state-of-the-art production facility

• 15,000 t U/year: annual UF6 production capacity to 2023

First stage of the conversion, the Orano Malvési plant, in Narbonne, purifies and transforms the natural uranium

ore (from the mines) into uranium tetrafluoride (UF4). The annual installed capacity is 15,000 metric tons/year. The second conversion phase continues at the Philippe

Coste plant (in Tricastin), where UF4 is transformed into uranium hexafluoride (UF6). Orano is the only Western converter to have invested heavily in the renewal of its conversion capacities, to the latest safety, technology and environmental standards, thus ensuring long-term supply for its customers.

24 MADE IN FRANCE

PACKAGING AND SERVICES ORANO NPS

• 400 packaging patents granted internationally • More than 1,500 dry storage systems used worldwide • More than 5,000 transportation activities per year A WORD FROM Orano is the only industrial player to manage international logistics operations at all levels of the nuclear fuel cycle: design, approval and manufacture of packaging, JEAN-PIERRE transportation with the highest level of safety and security, dry storage of used fuel, nuclear waste logistics. The latest new generation packaging, TN® G3, is entering the test PÉLICIER phase. It will be used to transport used fuel from EDF Chief Digital Officer nuclear power plants in France.

RECYCLING AND Since 2020, the Orano group technologies enable us to advance MANUFACTURING has been committed to a vast our operations through the digitization OF MOX FUEL plan to accelerate the digital of operating methods and supply ORANO MELOX DISMANTLING AND SERVICES transformation around the SHIFT channels, predictive maintenance or TO NUCLEAR FACILITIES plan and its eight programs. the digital management of the lifecycle • Global benchmark plant for manufacturing MOX fuels ORANO DS of our plants. It is worth mentioning • A planned workload of 150 metric tons/year some recent achievements like the • 44 nuclear reactors have produced electricity • French leader in nuclear dismantling “Digital is a tremendous Melox Interactive app, which makes and operational support services using MOX since 1972 it possible to monitor production • 5,000 employees performance driver for progress in real time, the interactive Located in Marcoule, in the Gard department, the • Present at all French nuclear sites Orano Melox recycling plant manufactures recycled and internationally Orano.” mapping application CartOmines MOX nuclear fuel assemblies, intended to supply for monitoring the environmental light water reactors. Manufactured from a mixture Orano has unique expertise in dismantling operations impact of former mining sites of uranium and plutonium oxides from used fuel, and in supporting nuclear operators in the conduct of SHIFT PLAN MOX is the second most widely used nuclear fuel their operations. In 2020, the group expanded its undergoing redevelopment or the in the world. In France, 10% of nuclear electricity is international presence, notably with a major contract “The digital transformation aims to use of collaborative tools included generated using MOX. Orano Melox’s expertise in the United States to deconstruct the Crystal River 3 is recognized by many countries to which Orano reactor core in Florida. Its service offer was also optimize the safety of facilities, and in the Microsoft 365 suite.” supplies MOX fuels, in particular Japan, where Orano strengthened with the acquisition, in France, of three the performance and development teams share their experience with the J-MOX plant. companies specializing in nuclear maintenance. This of the group’s activities by designing development complements the construction site PEOPLE AT THE HEART and deploying secure digital solutions assistance and training offer for the nuclear industry, OF DIGITAL TECHNOLOGY for which Orano is the main service provider to the (cybersecurity), adapted to the jobs French nuclear installed base. (User eXperience), which are developed “At Orano, digitization is designed according to Agile methodology to assist people. Above all, it must and are data-driven for fluid access optimize processes and services NUCLEAR ENGINEERING and management. Our SHIFT plan to make everyday life easier for our translates these priorities into eight employees, providing them with ORANO PROJECTS programs structured as roadmaps to a fluid and augmented experience,

• 40 years of experience in the design and implementation ensure the deployment of solutions and improving the working conditions of complex projects and in operating support for between 2020 and 2025.” and safety of our operators. We train large sites our employees so that everyone buys • More than 1,600 employees in France and abroad in to the new digital and connected • 400 projects/year from €10 k to €1 bn PERFORMANCE uses. With everyone’s support, digital Orano focuses its expertise in nuclear fuel cycle engineering “Digital technology must become a is a great driver of performance to on behalf of the group’s facilities and external customers, key factor in industrial performance. continue to develop nuclear energy in France and internationally. Its services range from support engineering to operators to complete engineering, Current computing, data storage, and make it even safer, cleaner and procurement and construction management assignments. communication and interface more competitive.” The engineering activity is also developing in the non-fuel nuclear sector and in new non-nuclear markets, such as other industrial sectors with a strong regulatory and environmental dimension: pharmaceuticals, cosmetics, fine chemicals, biotechnologies, aerospace, and electronics.

26 27 LOCAL ROOTS

YES

NUCLEAR ENERGY HAS HAD ITS ROOTS IN THE REGIONS FOR 50 YEARS

98% 60% of local residents of Orano employees of Orano sites in France believe abroad are that nuclear power is an asset recruited locally for their region (BVA study 2019)

€4.3M invested in 2020 Plants in France that create in the areas of healthcare, long-term jobs and economic activity: access to water, education Northwest (la Hague): and economic development 5,000 direct jobs in the countries where Southeast (Tricastin + Melox + Malvési): Orano Mining operates 3,500 direct jobs

28 29 LOCAL ROOTS

WITH PLAYERS IN THE LOCAL

ECONOMY Taking action during Acting to develop the Covid-19 crisis skills and employment Rooted for 50 years in the local economic fabric, 60,000 pieces of protective equipment Orano relies on its knowledge of of the activities generated by the industrial sites of Orano fully support were distributed to caregivers by the the regions and local economic these projects. their regions through their involvement in local Orano la Hague and Melox establishments. development players to carry out bodies, support for employment and training, In the Gard department, CleanTech Vallée actions tailored to the specific start-ups have created a disinfection robot employment priorities and needs The Orano la Hague site took and the social and solidarity-based economy. with the support of Orano Melox. in each area. The group supports part in the inauguration of the jobs in short supply and projects Valognes machining school, 3 QUESTIONS FOR The group’s Fablabs have been heavily led by SMEs/SMIs in the industrial the leading production school involved in 3D printing of protective visors sector and services to industry, in the Manche department, intended for healthcare professionals in JEAN-MICHEL particularly in the nuclear which implements new learning the regions (hospitals, medical practices, sector, and attaches particular methods for young people retirement homes, private nurses, etc.), CATELINOIS importance to the sustainability having difficulty with school. based on plans and data shared by all Mayor of Saint-Paul-Trois-Châteaux, the additive manufacturing communities President of the Drôme Sud Provence community of communes in France. The Fablab at the Tricastin site produced more than 1,000 face shields in this way. What does Orano industry and that just goes Supporting represent for your to show how acceptable it In the countries hosting Orano’s mining region? is to the population. There is solidarity initiatives activities, support operations for medical total cooperation between The different entities of including sponsoring personnel and charitable activities were Established at the Tricastin Orano Tricastin and local Orano Mining invested jobseekers with the undertaken with local communities in Niger, site for 60 years, Orano is elected officials. We work 4.3 million euros in Maison de l’Emploi et northern Canada, Mongolia and Kazakhstan. one of the two main closely together and in community investment de la Formation, support for employers, alongside EDF, complete transparency. projects in 2020. Among parenting workshops run with more than 4,000 jobs these actions, the group by Maisons Familiales involved. It constitutes an Does the integration has supported the NGO Rurales throughout economic and social of Orano go beyond Involvement FXB International since the Manche department, powerhouse for our region. economics? 2016 to help vulnerable and support for in local bodies The history of our region Commit to Orano participates actively families lift themselves entrepreneurship through Orano Melox is a founding member of CleanTech the development has been built around energy and financially in the main out of poverty. micro-credit with ADIE. Vallée, which supports innovative start-ups and we want to continue cultural events in the region, and SMEs involved in the ecological transition. of the local the nuclear adventure by like the Film Festival, In the Drôme department, Trihom, the leader in training Objective: to make the French department mobilizing to accommodate the Book Festival, and the Orano Tricastin made a in the nuclear industry of Gard a reference in the field of cleantechs. industrial fabric two EPR projects in Tricastin. upcoming start of the Tour donation of 20,000 euros to and a subsidiary of Orano, Orano pays close attention to the sustainability de France. The group also AVI, an association that supports disabled sport in the of the network of suppliers to the nuclear sector What is the perception Orano la Hague has been a member of the Alizé supports work-study provides support to enable region around its registered in France, as well as skills development. In line of the Tricastin site Manche committee since its inception: it provides schemes and the Careers the elderly or disabled to office in Beaumont-en-Véron, with its commitment policy, the group thus carries by the local population? skills support to developing companies. It is also a Forum to support young remain in their homes. in the Indre department. out the majority of its purchasing at national or member of the selection committee of Normandie 77% of local residents are people in their careers. It is A subsidy is paid to athletes even local level. Incubation, the Normandy incubator. in favor of the nuclear a reliable partner. Orano la Hague has been with a severe motor or

committed for many years mental disability who are Orano Tricastin is involved in regional economic 90% of purchases by entities located in France to the inclusion of people involved in competitions or administrative bodies such as the Chamber are thus carried out in France, with a very high “More than an economic player, excluded from employment at national level. of Commerce and Industry for the Drôme and proportion of local purchases in regions close to Orano’s roots are historical, Vaucluse, business clubs and business creation its major industrial sites. At the la Hague site, support structures that boost the local for example, 70% of purchases are carried out cultural and social. It is part of entrepreneurial fabric. in the Nord Cotentin area. the DNA of our regions.”

30 31 LOCAL ROOTS

REDEVELOPMENT OF THE COMINAK SITE

After starting operations in 1978, the COMINAK underground uranium mine in the northwest of Niger ceased production in March 2021. In consultation with the Nigerien authorities and its shareholders, COMINAK is undertaking responsible redevelopment of the industrial site. This large-scale project draws on Orano’s more than 40 years of expertise in post-mining management.

SOCIETAL COMPONENT Today, COMINAK is a major player in the economic life of the town of Akokan. In order to limit the impact of the closure of the site on the population, COMINAK has developed an adapted societal transition plan TECHNICAL COMPONENT relating to the conditions for access “Redevelopment and The technical component includes the to healthcare, water, the management redevelopment and dismantling of all of urban infrastructure and support post-mining are an the listed structures on the site. The for entrepreneurship and local integral part of the life main ones are: underground mining economic activity, in consultation work, the surface plant and facilities, with the relevant ministries, of a mining project.” the tailings site* and the effluent administrative authorities, elected ponds. The redevelopment activities officials and civil society. will be subject to rigorous environmental monitoring and ongoing inspections by the authorities, which will continue * ORANO COMMITMENTS for several years after closure. The tailings site alone is As part of the redevelopment of the COMINAK site, Orano undertakes to SOCIAL COMPONENT COMINAK (Compagnie minière engage in ongoing and transparent COMINAK has set itself the objective MILLION M3 d’Akouta), created on June 12, 1974, 5 dialog and communication with of guaranteeing fair and equitable OF EARTHWORKS produced around 75,000 metric stakeholders. The group is undertaking treatment for all employees within a tons of uranium between 1978 redevelopment work that will make defined and formalized framework. and the end of 2020. It has been the site healthy, safe and non-polluting, As a result of ongoing social dialog, YEARS operating the Akouta, Akola and 12 in compliance with national standards a social agreement was signed with OF REDEVELOPMENT Ebba deposits in Arlit in Niger and international recommendations. employee representatives and the since 1978, but the depletion of Orano is supporting employees and Labor Administration of Niger on its reserves no longer allows it to subcontractors with a retraining plan November 20, 2020. At the same time, 90% continue its operational activities. OF HOURS WORKED and support for eligible and viable a reclassification unit – a unique Its Board of Directors, which met BY LOCAL STAFF entrepreneurship projects, and is acting structure in the country – was set up on October 23, 2019, set the end to ensure a sustainable, long-term with different types of possible solutions: of production at the Akouta site societal transition for the population. retirement and early retirement, for March 31, 2021. OF THE Orano is working with the State of vocational retraining, entrepreneurship 1/3 REDEVELOPMENT BUDGET Orano, majority shareholder of Niger on a business continuity plan and mobility inside and outside Niger, DEVOTED TO SOCIAL COMINAK, has committed to in the north of the country, notably transfers to other local companies AND SOCIETAL COMPONENTS providing technical support for with the continued operation of the and, finally, the retention of part * Mound of tailings covered by a layer of argillite the project, alongside the State SOMAÏR mining site and development of the workforce to carry out and sandstone. of Niger and other shareholders. studies for the Imouraren project. the redevelopment work on the site.

32 33 LOCAL ROOTS

KEY PROJECT DATES ORANO, 40 YEARS A WORD FROM OF EXPERIENCE IN MINING SITE BRICE REDEVELOPMENT LEBRASSEUR 2002 Project Manager Impact study: collection of Post-mining activities refer to all the activities carried out by Orano to monitor environmental data NEXT STEPS The success of the social plan also redeveloped mining sites, from an environmental, health and safety point of view, remains essential, both from the “The first redevelopment works point of view of the respect we owe as well as to prepare their second life after operations cease. to be launched are those that began COMINAK employees and the stable It is an expertise that draws on many disciplines, from geology to water treatment, on April 1, 2021 and will end during conditions needed for the project the year. After the plant shutdown, including radiation protection, ecology and the management of documentary databases. 2016-2017 to be completed. The other more dismantling of surface industrial Draft preliminary traditional challenges are cost facilities was launched in May and design control and schedule compliance, will be completed in mid-2022. which are essential insofar as they The redevelopment of the effluent contribute to the speed of making MINES REDEVELOPED BY basins, the longest operation (10 to the site secure. Our close collaboration 12 years), will also begin this year, with the government of Niger and ORANO AND ITS SUBSIDIARIES following on from the tests launched local authorities is a key factor in 2019 • The Cluff Lake mine in Canada a year ago. The redevelopment of meeting these challenges and we Detailed preliminary (operated from 1980 to 2002) the tailings site, which is the most are working together hand in hand design with three important project, both from a components: technical, to ensure the success of the project.” • The Mounana mining site in Gabon technical and financial point of view, social and societal (operated from 1961 to 1999) will begin in the second half of 2022 THE CHALLENGES and will be spread over 4 years. FOR ORANO • 235 mining sites in France In parallel with these major operations, (operated from 1948 to 2001) other redevelopment works such “The main challenge for the group as the demolition of buildings and is to fulfill its commitments MARCH 31, 2021 workshops in the industrial zone and thus reaffirm its ability to be Production stopped will be organized throughout the a responsible mining operator, life of the project.” capable of maintaining the trust of its partners, both in a country Aerial view of the redeveloped CHALLENGES where Orano, a long-standing player, wishes to remain in the long-term, Cluff Lake mine site, “This project involves many Canada 2021 TO 2032 but also internationally. It should challenges: technical, societal, social be noted that the redevelopment of Post-mining: and environmental. On a technical the COMINAK site is the first project redevelopment phase level, the one that seems most of its kind to be carried out in Niger important is the quality of the under controlled conditions, based redevelopment works to ensure that on solid studies and a long-term environmental protection and vision. To conduct it, we are using population health objectives are Orano’s recognized expertise in met over the long term. To carry out its core business and in post-mining 2032 TO 2037 the work, we set ourselves a target management, as well as external Ongoing environmental that it should be carried out with expertise because we are working monitoring 90% of hours worked by local people. on very delicate problems, such as Mounana mining site, This objective is a challenge that we resistance to erosion over a long Gabon will achieve with local partners. period of time.”

FOR MORE INFORMATION: Open-cast mine redevelopment of https://www.orano.group/ Puy de l’Âge, reamenagement-cominak/en/home Limousin, France

34 35 EMPLOYMENT AND SKILLS

YES

THE NUCLEAR SECTOR IS AN ATTRACTIVE SECTOR OF THE FUTURE

6.7%

800,000 jobs The nuclear sector in the nuclear represents 6.7% of industrial sector in Europe(1) jobs in France(2)

Contracts

Orano employs 1,211 hires on permanent more than 16,500 people contracts with Orano in 2020, around the world of which nearly 1,000 in France

(1) Source SFEN: Société Française d'Énergie Nucléaire (the French nuclear energy society). (2) Source GIFEN: Groupement des Industriels Français de l'Énergie (French nuclear industry association).

36 37 EMPLOYMENT AND SKILLS

ITSMYJOB

Orano is an international group with many areas of activity. PRÉCILIA ÉTIENNE Its expertise comes from its LE ROUX PELLETRAU 16,500 employees who work in Nuclear Maintenance Safety Design Engineer some 250 different professions. Technician Dismantling with Orano Projects & Services at the Orano la Hague site “#ItsMyJob” is a video format My job is to maintain the equipment in the various My job is to check that the buildings we build buildings at the Orano la Hague site. on the site meet all the safety standards. that pays homage to each of We work as controllers, electricians, mechanics. them by showing their daily It’s very varied! lives, their rigor, their good humor… and their desire to transmit their skills. We have transformed this format into a cartoon, to promote two professions, two employees, among all We are always given the support we need. In practical terms, throughout the project, those who help raise Orano to The procedures are very strict. from design to construction, I analyze the risks Safety is everywhere, it is the top priority. to ensure that the buildings remain compliant the highest level of excellence. with standards.

This concerns, for example, checking the thickness of the concrete on the walls, to make sure that the personnel are protected from radiation… FIND THEIR FULL TESTIMONY on the Orano Youtube channel

We might also work on pneumatic and electronic equipment. We do diagnostics on the machines. … Or that the pipes are placed on earthquake-resistant supports.

On a daily basis, I use a lot of digital tools, whether they are 3D models or virtual reality.

There is a great atmosphere in the team! We complement each other well, in terms of skills and character.

Our priority: protecting people and the environment. Nothing is left to chance at a nuclear site. What is interesting is that we work for an internal customer (Orano la Hague) but also for external customers such as ANDRA (Agence Nationale des I love my job because it drives me to always Déchets Radioactifs - French national agency for strive for excellence. In a way, we are working radioactive waste management) or the CEA. It is to help others and it´s rewarding. a profession with variety, and plenty of interaction.

38 39 EMPLOYMENT AND SKILLS

89/ 22% 1 8 WOMEN PEOPLE 100 in the workforce with disabilities professional compared to 19% recruited EQUALITY in the industry in 2020 index as a whole PHILIPPE THURAT Head of Social Strategy, School Relations & Diversity

FIGHTING DISCRIMINATION

“The fight against discrimination has led us to carry out a risk mapping exercise. We cross-referenced WOMEN & MENTORING the 25 factors of discrimination established by To support the development of its female talents, French law with the 4 main HR processes of Orano set up a mentoring program in 2020. hiring/integration, career development, training The principle: to share, transfer experience and and compensation, to which is added the social confidence of female mentors to new talents. climate of the company. Then, time for action. In line with the Code of Ethics, THE CHALLENGES OF MENTORING in addition to the usual remedies (HR manager, occupational medicine), Orano has implemented Being a mentor means participating in a practical and a whistleblowing and complaints system in France active way in the development of the company and in for several years, open to all employees. the success of its high-potential managers by sharing This mechanism enables alerts to be reported your experience. It also means giving meaning to one’s confidentially. Since April 2019, it has been included experience. MOBILIZED FOR in the ethics alert system.” For those who are mentored, the program creates opportunities. Opportunities to develop through contact ENSURING EQUAL OPPORTUNITIES with more experienced people, to benefit from their vision, experience, strategic analysis and network. And “Equal opportunity is a subject on which we can to be challenged and receive regular non-operational DIVERSITY act at all stages: upstream of hiring, but also once feedback. the employee has been brought on board. Orano is involved, for example, in the promotion of technical courses for female students, through a network of 80 engineering ambassadors composed AND INCLUSION of 40% female ambassadors. The percentage of women on work-study programs is 36.5% and the objective is to increase this A Mentor A Mentee proportion by one point per year, particularly in is a person with experience is a person seeking personal the technical areas. who has the self-assurance and professional fulfillment and wisdom to appreciate the Lastly, Orano gives everyone the equal right to prove Orano wants to be an inclusive While promoting diversity is first and foremost importance of transferring themselves, exploit their talents and achieve their a matter of conviction, this must be translated their knowledge to other, employer and encourages objectives.” less experienced individuals into concrete actions. This is the case for Orano, diversity of profiles. It is at which once again obtained the “Diversity” the highest level and through label awarded by AFNOR in September 2020. INTEGRATE AND INCLUDE MENTORING: AN INTERPERSONAL an international commitment A particularly demanding label, which ALL DIFFERENCES RELATIONSHIP OF SUPPORT, EXCHANGE symbolizes the respectful and considerate AND LEARNING that our group demonstrates “Orano is convinced that a company must reflect working atmosphere of all, regardless of their the diversity of its employees and that of the society The relationship between mentor and the person being its concrete investment in favor differences, where the only discriminating in which it operates. Acting for inclusion means mentored is more complex than a teacher-learner of professional equality and criterion is competence. All this, while going even further: inclusion means interaction relationship. Mentors continue to learn alongside other contributing to the company’s performance. the inclusion of all, regardless between all profiles, with all their differences. generations, they open their minds to those being of their differences. What does promoting diversity mean on a Because pluralities of gender, geographical mentored, who find help, and professional and daily basis? First, respect for three fundamentals: and socio-cultural origins, as well as cognitive personal support. combating discrimination, ensuring equal and physical differences are assets recognized opportunities, integrating and including by the group. Sources of performance, they bring all differences. new creativity by multiplying points of view.”

40 41 EMPLOYMENT AND SKILLS

How to join DATA SCIENTIST, Orano group? THE CONTOURS Are you convinced that nuclear energy is a resource for OF A KEY FUNCTION the future? Do you dream of a new adventure where expertise, creativity and collective intelligence give you The job of Data Scientist is at the heart the chance to reinvent yourself? Welcome aboard! of the challenges of the digital and industry 4.0 transformation. Update on a highly sought-after profile. A profession born Find out about the recruitment from mathematics The term “Data Scientist” is often process step by step: associated with digital technology, but in reality statisticians have 15 been around for a very long time in DATA SCIENTISTS AT ORANO all fields. They have always been able to make the figures talk to help decision-making. 1 2 3 X 2 PUT TOGETHER UPDATE YOUR RESUME APPLY planned hires YOUR CAREER PLAN AND LETTER ONLINE Take the time to review Explain your plan Take care to set up your skills and expectations and your motivations, your applicant space At the heart of be concrete and your job alerts industry 4.0 Orano has a large volume of data Always carried ZOOM of all kinds, a source that just ON A PROJECT needs to be exploited to create out as a team At la Hague, analyses of value. Data analysis is a lever with In order to make sense of the data historical production data made very high added value to support and ensure buy-in to the solutions it possible to identify levers for the digital transformation and proposed by the various professions, 6 5 4 industrial optimization without optimize industrial processes. Orano Data Scientists always work major operational changes. closely and transparently with the COME TO MEET YOUR APPLICATION teams in the field. THE COMPANY THE PEOPLE IS ACCEPTED Result: an increase in Your application was selected Show all your motivation Your application production capacity and by a collective decision during your interviews is reviewed by our HR team recurring savings of around of HR and your new team. with the HR team within 10 days 1 million euros in annual production costs. ICS PROF Congratulations! and your future managers ST ES TI S A IO T N S A & L

S K C I N

T O

7 L

T DATA G

WELCOME! SCIENTIST E M

Your whole team will be there to show their support and facilitate your integration

P R S O M G H R IT A R MM O Interested in being part of the adventure? ING & ALG Come right this way

42 43 THE WORLD OF TOMORROW

YES

ORANO PREPARES THE WORLD OF TOMORROW

More than 1,500 start-ups and innovative French SMEs 40 Innovation Business in the Orano ecosystem through explorations ongoing, to conceive the “Orano SME Innovation” initiative new growth opportunities

More than 100 million euros 8 operational Fablabs invested in R&D with several hundred ideas every year already tested

44 45 THE WORLD OF TOMORROW

THE DEBATE

“Our unique skills and expertise, “INNOVATE TO our cutting-edge technologies, and some of our strategic nuclear materials are key resources REINVENT OURSELVES”. to be exploited in sectors of the future, such as healthcare, Firmly rooted in Orano’s DNA, innovation is designed space, the circular economy, to imagine the future of the group today, and the energy transition.” for execution tomorrow. Opening up the possibilities to explore new growth opportunities. N. COLLIGNON

COLLECTIVE INTELLIGENCE

T L D Major industrial groups are at T L D For the past 10 years, we have been the crossroads of several fundamental transitions: supporting major industrial accounts in environmental, digital (technological), generational accelerating their innovation process. To do this, (age pyramid, employer attractiveness), changes we create bridges between groups and start-ups in uses, etc. to meet the challenges of transformation of NATHALIE COLLIGNON THOMAS LE DIOURON These transitions threaten historical balances the former and the development of the latter. and, in order to survive or remain leaders, There is a form of beneficial co-dependency Chief Innovation Officer CEO companies must reinvent themselves. between these two worlds, where each has its at Orano Impulse Partners The Covid-‌19 crisis has been a catalyst for own role. Start-ups need large groups to exist the acceleration of these transitions. However, and continue to develop, because manufacturers reinventing ourselves cannot simply be decreed. are a major source of innovation. Large groups We help large manufacturers to evolve in line need to confront start-ups in order to be constantly with this new need, firstly by facilitating informed, challenged and shaken up in the identification of the issues of the future and their habits. secondly by putting in place the most appropriate REINVENTING OURSELVES systems to launch explorations, test and allow N C At Orano, we have set up “Orano SME N C Innovation is one of the group’s of new growth opportunities risk-taking in cultures that are risk-averse. Innovation”, an initiative that promotes three priorities, along with operational to serve society, in a sustainable collaborative innovation with industry 4.0 excellence and value creation for our development approach. N C Reinventing our business models necessarily start-ups. We are already working effectively Watch the full debate customers. Until 2018, more than 70% of transforms the way we work and manage. with nearly 100 of them in a win-win approach. on the podcast our R&D and innovation efforts were in To do this, it is up to us to further Orano encourages open-mindedness to innovative These start-ups develop certain technological support of our existing value creation enhance our unique skills and ecosystems, to partners of a new kind, such as bricks that the group may need, and in return, “Expert voices” models, essentially looking for better expertise, our cutting-edge those from the world of design, and encourages we contribute to their development and growth performance. Now, not only are our technologies and fuel cycle materials, freedom of action, collective intelligence, and trust, by offering them direct and effective access innovation cycles accelerating to some of which are of a strategic nature. by developing a state of mind which always puts to industrial-scale “test sandboxes”, unique skills anchor our company in industry 4.0, Orano is already able to reinvent its the customer or the user and value creation at and new markets. Working in the nuclear field, but they are increasingly oriented business models in sectors of the future the heart of our thinking. with its high standards, is a very good reference towards the diversification of such as medical, space, the energy that opens the doors to many other sectors our activities and the exploration transition and the circular economy. of activity.

46 47 THE WORLD OF TOMORROW

MEDICALI “Reinventing oneself cannot Controlled nuclear materials INDUSTRY 4.0I can help save lives, through CIRCULARI simply be decreed. We help large their use in cancer Making the most of the new treatments or in medical ECONOMYI manufacturers to accelerate their digital technologies of research in the form innovation process by creating industry 4.0 to improve the of isotopes. This is the case As a key player in productivity of factories and of lead-212, which makes the circular economy bridges with start-ups to meet the mines, the competitiveness it possible to develop throughout the fuel cycle, challenges of transformation of some of services and operator new therapies against cancer, Orano designs its facilities safety, such is Orano I4.0 as pursued by Orano Med. to limit waste and pollution and the development of others.” ambition through the Other isotopes are being and optimize the use of its group’s capacity for studied to continue products and their recycling T. LE DIOURON industrial innovation this dynamic in in order to reduce the use and the ecosystem of the medical sector. of raw materials and partner start-ups and SMEs. preserve the energy used https://i4.0.orano.group/en/ to produce them. Orano also rehabilitates its mining sites and improves the STATE OF MIND environmental footprint of its industrial sites. It is T L D It is above all the state of mind conveyed by N C To accelerate this momentum, we organized the breadth of this expertise start-ups that is sought by large groups: agility, a competition for deeptech start-ups to explore NUCLEAR HAS that Orano wants to bring short decision-making processes, a collaborative and co-develop new activities around healthcare, to its customers and to approach that crosses hierarchical or pyramid space, the energy transition, the circular economy the many players in structures. For start-ups, collaboration with large and with a positive impact on the environment. A FUTURE this booming sector. groups is a great showcase. It also helps them More than 60 international start-ups responded RECYCLINGI to develop and adopt a more “industry compatible” and we are holding discussions with a dozen of Orano is exploring new fields OF STRATEGICI attitude. them to inform the co-development of innovative of activity for the benefit solutions for tomorrow. MATERIALSI N C I strongly believe that to reveal a capacity of society. for innovation, we must manage to free up space We note that more and more start-ups are being We are already devising for our employees, take time to observe the world, created to develop new concepts, products or ways to recover certain SPACEI be inspired by it and take a step back. The spirit services, convinced that nuclear is a great field materials from the nuclear fuel cycle, including Among Orano’s unique of innovation at Orano is spreading on solid for innovation and a sector of the future. To make depleted uranium and skills, radiation foundations and initiatives on the ground this work, we have adapted our contractual several strategic metals, protection is obviously anchored in the group’s Business Units. This is processes, our purchasing and our business essential raw materials for crucial for space flights evidenced by the involvement of all Orano entities reflexes towards greater flexibility and agility. the company’s development. and can be promoted throughout the world in the Awards #2020, On a daily basis, we ask ourselves how we can These strategic materials ENERGYI to the space sector. with more than 140 innovative projects presented help these start-ups to accompany us in the available in the nuclear fuel If we think of travel in 6 categories, or the in-house Innovation exploration of new growth opportunities or to cycle can be used, TRANSITIONI to distant planets, Business program with around 40 explorations improve our performance, in a win-win approach. for example, to support then nuclear propulsion under way to invent the growth opportunities the energy transition: energy Nuclear power is an essential will be vital. Certain of tomorrow. storage, catalysts for part of the ecological radioactive isotopes are T L D Prioritizing innovation, as Orano is doing, the production of hydrogen and energy transition also being considered reflects a profound cultural transformation in or processes for converting by contributing, along to supply energy systems ATTRACTIVENESS OF THE SECTOR several areas: openness to external expertise, carbonaceous materials into with hydraulic power, such as radioisotope approaches to exploring new models, synthetic fuels. to the generation of thermoelectric generators. T L D Nuclear is a sector whose very complexity entrepreneurial spirit, etc. The company is controllable and low-carbon and high standards offer a wealth of changing its processes to be more agile and better electricity, in particular opportunities for deeptech start-ups (disruptive able to meet the challenges of tomorrow. From for the development innovation): optimization of processes and a human point of view, it also enables employees of electric mobility. logistics, robotics, smart sensors, IIoT, AI, to confront other models, to reconnect with augmented reality, simulators, etc. It constitutes the essential and to rediscover the meaning a significant source of innovations, even if it is of their individual actions. aimed more at a population of “start-uppers” OXILIO: A NEW NUCLEAR MATERIALS MANAGEMENT SERVICE already involved in cutting-edge technologies. On the strength of its expertise in dismantling, remediation, radiation protection, maintenance and radioactive waste With the crisis in the aerospace and automotive management, Orano is launching “Oxilio”: a new service for all users of radioactivity in non-nuclear power sectors markets, more and more start-ups are such as hospitals, radiotherapy centers, research institutes, etc. Know-how mastered by Orano that will enable more undeniably turning to nuclear. than 2,000 professionals or manufacturers to focus on their core business.

48 49 THE WORLD OF TOMORROW ORANO AWARDS #2020: INTERNAL INNOVATION REWARDED

For the second edition of the Orano Awards, Orano encouraged all its employees to enter an internal competition that rewards innovative projects carried out for the group. An opportunity to promote the spirit of innovation and initiatives on the ground. THE HOPES

FOR NUCLEAR MEDICINE BOOSTING THE SPIRIT OF INNOVATION 9 PROJECTS REWARDED Through their talents, skills and ideas, each Orano MORE ALGORITHMS = LESS ACID! employee contributes to the group’s transformation. Use of an algorithm to calculate the quantity IN THE TREATMENT OF CANCER The Orano Awards showcase innovative projects of reagent to be added, according to the quality led by the teams, their initiatives, their successes of the ore, in the SOMAÏR dynamic leaching plant. Orano Med, the medical subsidiary of Orano, combines biotechnology and nuclear and their failures, and those from which we can continue to learn and progress. A very rich sharing MANAGEMENT CONVENTION 4.0 power to develop a new generation of targeted therapies against cancer thanks of experiences and a state of mind that corresponds This 100% digital convention brought together to the unique properties of lead-212. to the group’s Test & Learn innovation approach. 300 Orano Projects managers around innovative and interactive modes of managing. COVID-19: MAINTAINING THE LINK NEW! AN AWARDS CEREMONY WITH A DIFFERENCE A 360° system for the group’s employees to inform, Orano launched a series of 10 videos for and create links and unity. the Orano Awards #2020. Better than a Lead-212 is a very rare radioactive alpha- radioisotopes in sufficient quantities conventional ceremony, this series of videos was TOMORROW LA HAGUE isotope that comes from thorium. Orano’s and at a level of purity in accordance broadcast on the group´s intranet. Step by step, the candidates could follow the deliberations of A unifying transformation project for the la Hague site, 3 RESEARCH expertise in cutting-edge nuclear with pharmaceutical standards, to enable the juries, the announcement of the nominees, carried out internally by local teams to develop a real CENTERS technologies has made it possible to develop the development and marketing of and the presentation of the projects by category right up to the award ceremony. dynamic for the site. • The Laboratoire a unique process for the extraction and cancer treatments. Maurice Tubiana, purification of lead-212. This rare metal is VANADIUM AT COMINAK?! PLANNING FOR THE FUTURE in Bessines-sur-Gartempe, the subject of much research and appears THE NEXT ADVANCES Innovative in its process, this project consists in the Haute-Vienne in promising new treatments against cancer FOR ORANO MED The 2020 edition of the Orano Awards was of producing vanadium from the concentration sludge department, dedicated to called “targeted alpha-particle therapy”. Orano Med’s ambition is to develop organized around six categories, each with of uranium treatment effluents. the production of lead-212 a solid portfolio of therapeutics innovative projects: “commercial growth”, PACKAGING 2ND AND 3RD LIVES • A dedicated THE HOPES FOR TARGETED combining the properties of lead-212 “operational performance”, “managerial The challenge: to provide a customer with a robust R&D center ALPHA-PARTICLE THERAPY with targeting molecules. To this end, and organizational transformation”, “digital and economical packaging, in a short time frame, in Bessines-sur-Gartempe Targeted alpha-particle therapy is an a dozen developments are underway, transformation”, “best failed idea” and “2020 thanks to the reuse of the TN12 packaging. • DPPU laboratory, innovative technology that selectively either directly or in partnership with initiatives”. This last category, launched in An innovative and competitive approach in Plano, Texas, recognizes and destroys cancer cells, other biotechnology or pharmaceutical connection with the health crisis, illustrates dedicated to to 2nd life packaging. limiting the impact on surrounding healthy companies, notably with Roche, the world the group’s ability to work together as a whole the development of cells. This therapeutic approach fuels leader in oncology. for a common cause, in a tremendous outpouring new lead-212 therapeutics INTERACTIVE MELOX the hope of the international medical of solidarity. Used by production management, Melox Interactive community to move towards less toxic INTERNATIONAL is the 4.0 tool accessible to all for finding reliable and more effective treatments for patients RECOGNITION and consolidated information on the plant, with limited therapeutic solutions. Orano Med’s work has already received machines and production. several awards in the United States, Find our podcast INCREASED LEAD-212 TREEP such as the Clinton Foundation Prize More than “Expert voices” SUPPLY CAPACITY 140 6 A tailor-made and original commercial approach and, more recently, the Annual Prize INNOVATIVE PROJECTS CATEGORIES that enabled a customer to make significant savings, Orano Med has increased fivefold its awarded by SNNMI, the American presented and meet deadlines while ensuring the safe production capacity for lead-212 using benchmark in nuclear medicine, for transportation of enriched uranium. thorium nitrate from Orano’s mining ongoing clinical trials in the development Teams activities at its Bessines site and doubled of a treatment for neuroendocrine tumors A BACTERIA SUPPORTS LIXI the surface area of the laboratory. with its partner RadioMedix. of 2 to 6 18 IRONBIOX is an innovative bioprocess, based This milestone is the realization of PEOPLE NOMINEES on bacterial activity, developed and industrialized www.oranomed.com Orano Med’s commitment to produce to improve the uranium recovery rate in low-grade ores.

50 51 ORANO IN BRIEF

OUR VALUESI

Safety Customer and security satisfaction

Continuous ORANO improvement

in brief Ethics, Cohesion transparency and team spirit and dialog Respect and development As a recognized international operator in the field of people of nuclear materials, Orano delivers solutions to address present and future global energy and OUR AMBITIONI health challenges. Making nuclear Its expertise and mastery of cutting-edge technologies energy increasingly reliable enable Orano to offer its customers high value-added ETHICS & COMPLIANCE and competitive. products and services throughout the entire fuel cycle. As a responsible programs and tools company, Orano acts adapted to each area, Every day, the Orano group’s 16,500 employees draw Getting the most out of according to two priority in line with its Code of principles: compliance Ethics and Business on their skills, unwavering dedication to safety and nuclear materials, in particular with the highest Conduct. Communication, constant quest for innovation, with the commitment through recycling, so that they standards in terms of awareness-raising and safety and security, training activities are to develop know-how in the transformation and control contribute to the development of nuclear materials, for the climate and for a healthy the protection of health accordingly carried of society. and the environment; out throughout the year, and resource-efficient world, now and tomorrow. as well as compliance drawing on expert with the highest networks; the Remaining the world’s standards of integrity documentation is kept Orano, giving nuclear energy its full value. and an unwavering up to date and improved leading player in the production commitment to on a regular basis, and recycling of nuclear combating corruption, and controls are carried fraud and out according to the risks materials, waste management anti-competitive identified. Finally, and dismantling. practices. the ethics whistleblowing system implemented The group strives to within the group makes Continuing to reduce maintain and develop it possible to report a culture of ethics any situation or event our carbon footprint and compliance by contrary to the rules and remaining on course as implementing policies, in force. a responsible player.

52 53 ORANO IN BRIEF

WORK SAFETY SECURITY

Workplace accident frequency rate Number of events reported ranked KEY FIGURES with lost time in 2020: on the INES scale in 2020 2020 1.3 (vs. 1.8 in 2019) 7 – MAJOR ACCIDENT Occupational injury severity rate in 2020: 6 – SERIOUS ACCIDENT

Resulting in 0.05 (vs. 0.08 in 2019) 5 – ACCIDENT an off-site risk No major Events 4 – ACCIDENT off-site risk reported by Orano 3 – SERIOUS INCIDENT

1 2 – INCIDENT Insignificant from Top 3 7 1 – ANOMALY a safety point of view 3.7 138 0 – DISCREPANCY BILLION EUROS worldwide in revenue in our key activities 16,500 REVENUE FROM employees, MAIN ACTIVITIES IN 2020 including 13,500 in FRANCE ENVIRONMENT

Back End million 1,592 euros

Mining million 1,079 euros

ktCO2e Front End million 33 % > 5% direct and indirect greenhouse gas emissions 999 euros 463 (scopes 1 and 2)

women Rate of among employment management of people with hires disabilities % BILLION EUROS 550 MILLION EUROS reduction–60 in emissions 17 industrial sites in France 27 backlog in investments since 2004

54 55 ORANO IN BRIEF

OUR ACTIVITIES THE NUCLEAR FUEL CYCLE

A key player in the nuclear fuel cycle, Orano recovers nuclear materials so that they contribute to the company’s development in the field of energy NUCLEAR PACKAGES & SERVICES as well as in medical research. Throughout the fuel cycle, Orano provides its unique expertise in the design, certification and Orano Malvési Orano Tricastin production of casks, as well as 1st stage 2nd stage of conversion the associated transport, whether of conversion (Philippe Coste plant) overland, sea or rail, with the highest Enrichment level of risk control. ate (Georges Besse II plant) itr l n Storage of valuable materials ny ra Depleted uranium U (Tricastin and the Bessines mining site), MINING DISMANTLING reprocessed uranium, etc. Our mining operations cover & SERVICES uranium exploration, production With 50 years’ experience, Orano MOX fuel and marketing worldwide, is a benchmark supplier in the field as well as the remediation of former Orano Mining of operations support for nuclear sites mining sites. Orano ranks among Natural uranium concentrate Fuel production (work-site logistics, specialized the world’s leading uranium Extraction – Ore processing maintenance and radiological producers. security), as well as the management of radioactive waste and the dismantling of end-of-life equipment and facilities. URANIUM CONVERSION AND ENRICHMENT ENGINEERING With a unique integrated industrial platform, and the world’s most Engineering operations involve Nuclear power plants modern facilities – the Philippe Coste engineering consulting services, Electricity generation Orano Melox conversion plant and the contracting and project management Recycling – Production Georges Besse II enrichment plant –, assistance, design and construction of MOX fuel Orano is recognized throughout engineering, plant commissioning the industry for its technical skills and operational support. The teams and cutting-edge processes. operate in the group’s own facilities l e as well as for external customers, u f in France and worldwide. d P se lu U to ni USED-FUEL RECYCLING um Thanks to the performance of ORANO MED its la Hague and Melox plants Cigéo project Medium-high-level – which are the only ones to operate Orano Med – a subsidiary of Orano – long-life waste on an industrial scale –, Orano is is a company that brings together the recognized international leader biotechnologies and nuclear in the reprocessing and recycling technology to develop new therapies Orano la Hague of used fuel. to fight cancer. Reprocessing of used fuel

56 57 ORANO IN BRIEF

EXECUTIVE COMMITTEE April 2021

FROM TOP TO BOTTOM

Jacques Peythieu Hélène Derrien Chemistry- People & Communications Enrichment BU Laurence Gazagnes Patrick Champalaune Security, Health, Safety Commercial & Marketing & Environment

Corinne Spilios Nicolas Maes Performance Mining BU

Guillaume Dureau Philippe Knoche Projects BU Chief Executive Officer

David Claverie Alain Vandercruyssen Finance Dismantling & Services BU Frédéric de Agostini Nuclear Packages Pascal Aubret & Services BU Recycling BU

58 59 ORANO IN BRIEF

Board of Directors The Board of Directors steers and oversees the company’s activities and results, and deliberates on strategic and financial decisions.

COMPOSITION OF THE BOARD OF DIRECTORS(1)

Claude Imauven Directors appointed Chairman on the proposal of the French State and Independent Director Philippe Braidy François Delattre Philippe Knoche François Jacq Chief Executive Officer, Cécile Sellier Director Marie-Solange Tissier

French State represented Independent Directors by Bruno Vincent Anne-Sophie Le Lay www.orano.group Director Patrick Pelata Marie-Hélène Sartorius To keep up with our news Directors representing employees or take part in the dialog, Bernard Bastide follow us on: Luc Gervaud

(1) At April 1, 2021.

Board committees To perform its duties, the Board of Directors is supported by four specialized committees which issue opinions and recommendations to the Board.

Strategy Compensation and Investment Committee and Nominating Committee Orano would like to thank all those who contributed to this document, Chaired by Claude Imauven Chaired by Marie-Solange Tissier published by the Communications Department. June 2021. Photo credits: Orano/Cyril Crespeau, Cédric Helsly, Eric Larrayadieu, Eric Malemanche, Cédric Delestrade; Audit and Ethics Committee End-of-Lifecycle Obligations Duke Energy/Ritchie Scott; Adeline Justamon; François Guichard; Philippe Eranian; Maurice Ascani; Black Box Images/Jerry Humeny; So’On Pictures; GettyImages. Design and production: – Chaired by Marie-Hélène Sartorius Monitoring Committee Printed in France by Imprimerie Frazier. Chaired by Marie-Solange Tissier To protect the environment, this document was printed by a certified eco-friendly printer (1) At April 1, 2021. – Imprim’Vert® – on paper made of materials stemming from properly managed, FSC® certified forests and other controlled sources.

60 Business corporation (société anonyme) with a Board of Directors with share capital of 132,076,389 euros. Registered office: Le Prisme – 125, avenue de Paris 92230 Châtillon – France www.orano.group

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