Annual results for 2017

Restructuring completed, in accordance with the strategic roadmap

Results consistent with forecasts, in a difficult market context

• 2017 net income stable compared with 2016, at -€252 million and including impairments in the amount of €492 million
• Net cash flow¹ target achieved, at -€1,066 million, including contribution of €812m to funds dedicated to end-of-life operations

The Board of Directors of Orano, meeting yesterday under the chairmanship of Philippe Varin, approved the financial statements for the period ended December 31, 2017. When asked about the results, Philippe Knoche, Chief Executive Officer, stated:

“The 2017 results remain affected by the restructuring of the Group, in a difficult market context. With the completion of this restructuring, the acquisition of equity stakes by the Japanese groups JNFL and MHI, and the implementation of its performance plan, Orano now has at its disposal all of the technological, human and financial resources it needs to ensure its development over the coming years. Our Group is launching its strategic action plan which focuses on three main objectives: generating positive net cash flow as of this year, relying on our new performance plan “Value 2020”, boosting our expansion in Asia, and developing our activities in services such as engineering, logistics and dismantling. Orano firmly believes that nuclear is still an industry with a future; it is competitive, a good source of employment and an effective tool in the fight against climate disruption.”

¹ Net cash flow from company operations, as defined in Appendix 1.

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