AREVA in Mongolia :

15 years of presence – New perspectives in uranium mining

AREVA supplies solutions for power generation with less carbon

World leader in nuclear power

A unique integrated model, from uranium mining to reactor design and related services to used nuclear fuel recycling

A major player in renewable energies

A portfolio of diversified operations: offshore wind, bioenergies, concentrating solar power, hydrogen and energy storage

AREVA’s construction experience

100+ AREVA reactors around the World

30% of worldwide installed nuclear capacity

84 PWR in operation

6 BWR in operation

1 PHWR in operation

7 Shutdown reactors

4

Despite Fukushima, the rising demand for Uranium

Rising demand will require bringing new mines into production

Demand to be covered by new

mining projects

Source : According to 2011 WNA report

Secondary sources of supply

Demand

Production from existing mines

0

20000

40000

60000

80000

100000

120000

2012 2015 2020 2025 2030

tU

Demande devant être couverte par de nouvelles productions

Ressources secondaire

Production primaire

Demande réacteurs

World uranium production in 2012

Top 5 producers * (~70 %)

Kazatomprom 17 %

AREVA 14 %

Cameco 15,7 %

Rio Tinto 9 %

ARMZ/U1 14 %

Canada

Niger

Namibia

Kazakhstan

Australia

9 053

tU

4 289

tU

4 659

tU

7 334

tU

19 450

tU

Top 5 countries = 76 % of total world production

Mining BG – one of the pillars of the AREVA’s integrated model

Mining Réacteurs

& Services Amont Aval

Energies

Renouvelables

• Uranium

1 756 M€ of revenues 17 % of AREVA’s revenues

5 200* employees

9 330 tons produced in 2013

* Global workforce managed by AREVA ( regardless of AREVA’s stake in mining joint ventures)

Mining Activities : Presence in the 5 continents

2.

AREVA in Mongolia

AREVA in uranium exploration since 15 years

12 exploration

licences in Sainshand

basin (356,830 ha)

15 licences in

Dariganga area

(744,820 ha) granted

to COGEGOBI

AREVA intends to

mine the deposits it

has discovered

Uranium mining – a long-term activity

~ 15 ans

~ 10 years

Evidence

Prefaisability

Resources

Faisability

Reserves

15 - 60 years

PRODUCTION

~ 10 years 10 years +

Exploration Licence Mining Lease Process

ENVIRONMENTAL MONITORING

Prospection

Situation of

the Mongolian

Project

Sit

ua

tio

n o

f th

e

AR

EV

A

Mo

ng

oli

an

Pro

jec

t

AREVA and Mongolia, 15 years of partnership

Creation of COGEGOBI with activities focused on Uranium exploration.

First significant results around Dulaan Uul and confirmation of its potential

First discovery of Zoovch Ovo deposit

Signature of a cooperation agreement with Mitsubsihi Corporation

Classification of the Dulaan Uul deposit resources by the Mongolia Authority of Minerals Resources (6,259 TU)

ISR test performed for checking the technical feasibility to recover Uranium on the Umnut deposit

Classification of the Zoovch Ovoo deposit resources by the Mongolia Authority of Minerals Resources (57,700 TU)

Signature of a Shareholders Agreement between AREVA Mongol and MonAtom for the mining development of the deposits

Mitsubishi became 34% shareholder of AREVA Mongol

•1996

•2003

•2009

• 2011

• 2013

Corporate structure of the Project

AREVA MONGOL LLC

COGEGOBI

LLC

AREVA MINES LLC

MITSUBISHI CORPORATION

MONATOM

34%

66% 100%

34%

Exploration Mining

AREVA SA

AREVA MINES SA

66%

100%

Companies registered

in MONGOLIA

AREVA in Mongolia since 15 years

The AREVA exploration company is present in Mongolia for 15 years preparing to develop its project for more than 30 years

Local drilling companies: Ordgeo Gobigeo, Uran Drilling, … Local catering companies: Geomandal, ISSM

AREVA gives priority to local contractors

Investment already made of more than 140 MUSD

Actual staff of 180 people will be considerably increased in the coming years during the development and operating phases.

90% of the staff are Mongolians citizens of which 30% are locally hired, this level will be maintained during the further AREVA presence in Mongolia

Social responsibility expressed by financing of social projects and employment creation in surrounding provinces

AREVA MONGOL - contribution to local development

SD Action Plan for the year

2014 presented to the Prime

Minister of Mongolia

More than one billion MNT

spent since 2006 in SD

projects

3 years Community

Development Plan to

negotiate in 2014

x4

Evolution of SD investments

2006 – 2013 (M MNT)

AREVA MONGOL - dialogue with communities

Community Liaison

Committees started in 2013

and to be held 4 times a year

Weekly visits to herders to

hear their concerns

Participatory environmental

monitoring with local herders

AREVA days and regular

workshop on ISR technology

to be organized on site

Introduction to drilling activities to Zuunbayan

people by AREVA’s community staff and drilling

contractor Ordgeo

Bogd Khan National Park -25 Septembre