Kazatomprom S Regulatory News (KAP)

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

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22 January 2021, Nur-Sultan, Kazakhstan

Confirmed COVID-19 Case Count for KATCO JV

JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") and its France-based joint venture partner, Orano Mining, announce the following update related to the COVID-19 outbreak at Joint Venture KATCO LLC ("KATCO"), operating in the Turkestan region of the Republic of Kazakhstan.

As of 22 January 2021, all employees and contractors at KATCO's Moinkum and Tortkuduk operations were tested for COVID-19; the final reports have now been received, showing 128 positive cases out of the 666 PCR tests performed.

Personnel who tested positive were isolated and are receiving treatment if required, and contact tracing was completed to quarantine exposed individuals. In accordance with the orders of the Chief State Sanitary Doctor of the Suzak District of the Turkestan Region, both sites were placed under a quarantine, which will remain in effect until retesting confirms that it is safe to lift the restrictions.

Due to the high case count and the introduction of the quarantine, several non-core site activities have been suspended. However, KATCO is able to safely continue key operations and expects that the current situation will not have a significant impact on its planned 2021 annual production volumes.

Kazatomprom and Orano are providing ongoing support to affected employees and ensuring strict compliance with the requirements of authorized government agencies to prevent the spread of COVID-19.

For further information, please contact:

Kazatomprom Investor Relations Inquiries

Cory Kos, Director of Investor Relations

Tel: +7 (8) 7172 45 81 80

Email: ir@kazatomprom.kz 

Kazatomprom Public Relations and Media Inquiries

Torgyn Mukayeva, General Manager of Public Relations

Tel: +7 (8) 7172 45 80 63

Email: pr@kazatomprom.kz 

Orano Press Office

Press Department +33 (0)1 34 96 12 15

Email: press@orano.group

About Kazatomprom

Kazatomprom is the world's largest producer of uranium, with the company's attributable production representing approximately 24% of global primary uranium production in 2019. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets. All of the Company's mining operations are located in Kazakhstan and mined using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.

Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. As the national atomic company in the Republic of Kazakhstan, the Group's primary customers are operators of nuclear generation capacity, and the principal export markets for the Group's products are China, South and Eastern Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts, as well as in the spot market, directly from its headquarters in Nur-Sultan, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).

For more information, please see the Company's website at http://www.kazatomprom.kz

About Orano

Orano transforms nuclear materials so that they can be used to support the development of society, first and foremost in the field of energy. The group offers products and services with high added value throughout the entire nuclear fuel cycle, from raw materials to waste treatment. Its activities, from mining to dismantling, as well as in conversion, enrichment, recycling, logistics and engineering, contribute to the production of low carbon electricity. Orano and its 16,000 employees bring to bear their expertise and their mastery of cutting-edge technology, as well as their permanent search for innovation and unwavering dedication to safety, to serve their customers in France and abroad. Orano, giving nuclear energy its full value. www.orano.group

Forward-looking statements

All statements other than statements of historical fact included in this communication or document are forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan," "project," "will," "can have," "likely," "should," "would," "could" and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future. THE INFORMATION WITH RESPECT TO ANY PROJECTIONS PRESENTED HEREIN IS BASED ON A NUMBER OF ASSUMPTIONS ABOUT FUTURE EVENTS AND IS SUBJECT TO SIGNIFICANT ECONOMIC AND COMPETITIVE UNCERTAINTY AND OTHER CONTINGENCIES, NONE OF WHICH CAN BE PREDICTED WITH ANY CERTAINTY AND SOME OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY. THERE CAN BE NO ASSURANCES THAT THE PROJECTIONS WILL BE REALISED, AND ACTUAL RESULTS MAY BE HIGHER OR LOWER THAN THOSE INDICATED. NONE OF THE COMPANY NOR ITS SHAREHOLDERS, DIRECTORS, OFFICERS, EMPLOYEES, ADVISORS OR AFFILIATES, OR ANY REPRESENTATIVES OR AFFILIATES OF THE FOREGOING, ASSUMES RESPONSIBILITY FOR THE ACCURACY OF THE PROJECTIONS PRESENTED HEREIN. The information contained in this communication or document, including but not limited to forward-looking statements, applies only as of the date hereof and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to such information, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the Information that may result from any change in the Company's expectations, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date hereof.