July 11, 2002 — Framatome ANP Inc. signed an agreement last week to purchase the assets of Washington Group International Inc.’s Equipment and Services (E&S) Division.

E&S, headquartered in Denver, CO, specializes in fuel handling machines and transfer systems for both PWR and BWR nuclear power plants.

E&S is the original equipment manufacturer (OEM) of nuclear fuel handling systems for 60% of the US nuclear power plants operating today in addition to being the OEM for 21 international plants. The group also provides technical support services for refueling outages, replacement parts and equipment modifications.

Framatome ANP, Inc. President and CEO, Tom Christopher, noted that this purchase fits in nicely with current business needs. Some of the equipment will be moved to Framatome ANP’s new training facility, under construction in Lynchburg, VA.

“This acquisition will enable us to expand and increase the depth of our refueling services, just as we recently did with our engineering capabilities. Framatome ANP, the world leader in nuclear engineering, nuclear fuel and nuclear services, is committed to providing its customers the full range of services to maximize plant operation throughout their extended life.”

In the 1960s, Stearns Roger became involved in the design, fabrication and testing of items to serve the nuclear power industry, including fuel handling equipment and reactor servicing equipment. They later became the Equipment and Services Group of Raytheon Engineers & Constructors (RE&C) and in 2000 the Washington Group acquired RE&C.

E&S’s employees will remain in Denver and will be integrated into the Outage and NDE Services organization within Framatome ANP, Inc.

Framatome ANP (Advanced Nuclear Power), an AREVA and Siemens Company, is a nuclear supplier. Framatome ANP’s focus includes comprehensive engineering, instrumentation and control, nuclear services, heavy component manufacture, modernization, fuel assemblies for many reactor designs, including those supplied by other vendors, and the development and construction of nuclear power plants and research reactors.

Framatome ANP is headquartered in Paris with principal subsidiaries in the U.S. and Germany. In the company, AREVA has a 66 percent share and Siemens 34 percent. Framatome ANP has a total workforce of approximately 14,000 worldwide and posts annual revenues totaling more than $2.5 billion.

For further information, visit: www.framatome-anp.com

AREVA, a specialist in nuclear energy and connectors, unites COGEMA, FRAMATOME ANP and FCI. The Group has more than 50,000 employees and is present in 30 countries. Its sales totaled almost $9 billion in 2001. For further information, visit: https://arevagroup.com