1st Quarter Preliminary Results (8439B)

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RNS Number : 8439B

JSC National Atomic Co. Kazatomprom

23 April 2012

April 23, 2012 . Astana

Press-release

On the preliminary results of "NAC "Kazatomprom" JSC operation in the 1(st) quarter of 2012

In the first quarter of 2012 "NAC "Kazatomprom" JSC has carried out the production program and reached the planned level of operational indicators. Obligations over all contracts are discharged in full.

According to the results of the first quarter of 2012 the capacity of uranium mining in Kazakhstan amounted to 4666 tons, that is almost 5% above the same period of the previous year.

Kazatomprom, taking into account the participatory interest in subsidiary and dependant enterprises for 3 monthsproduced 2,656 tons of uranium that is 4% above the indicator of the first quarter of 2011.

Consolidated turnover for the first quarter amounted to 51 billion tenge.

Total operational indicators for the "Ulba metallurgical plant" JSC correspond to plan indicators. In comparison with the first three months of last year, there is an increase in theproduction of beryllium products by 32%, tantalum by 84%.

"MAEC-Kazatomprom" LLP for the consumers of Aktau city and Mangistau region for three months of 2012 produced more than 1340 million kWh of electricity, 1054 thousands Gcal of thermal energy, 3.6 million cubic meters of distillate, including 2 million cubic meters of drinking water. These figures exceed the level of the last year's I quarter and fully comply with the production plans of the Company.

In accordance with the development program of "NAC" Kazatomprom " JSC in the I quarter continued the works on the strategic directions of the Company's activity in the field of conversion, enrichment and nuclear fuel production.

Kazatomprom efficiently develops new high-technological projects in the field of rare and rare-earth metals and renewable energy.

In particular, within the project on creation of photovoltaic modules production based on Kazakhstan's silicon, in the first quarter of 2012 was made the following:

-- Metallurgical plant "Kazsilikon" in Almaty region, specializing on the production of silicon metal and high-quality silicon has been launched. Shipment of the first production is planned for late April.

-- Contracts and Agreements with the French companies CEIS, CEA, ECM, SEMCO for the supply, installation and maintenance of the equipment for the production of silicon wafers for the assembly plant of photovoltaic modules in Astana have been signed.

   --    Construction of assembly plant of photovoltaic modules in Astana is completed for 30%. 

NAC Kazatomprom JSC is the national operator of the Republic of Kazakhstan for export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special purpose equipment, technologies and double-use materials. The main activities of the company are: geological exploration, uranium production, manufacture of nuclear fuel cycle products, reactor construction, nuclear power plants, production of construction materials, the electric energy sector, scientific support of production and social welfare and training of personnel. Today Kazatomprom has more than 23,000 employees and is amongst the leading uranium production companies in the world.

www.kazatomprom.kz

Contact details for investors (Eurobonds):

Meirzhan Yussupov

Head of Treasury

el:. +7 /7172/ 551237

el../Fax: 7 /7172/ 551399

e-mail: [e-mail]

Meruyert Bekturganova

Treasury

el:. +7 /7172/ 551237

el../Fax: 7 /7172/ 551399

e-mail: [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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