Centrus Signs $70 Million in New Nuclear Fuel Sales Contracts

BETHESDA, Md.–(BUSINESS WIRE)–$LEU–Centrus Energy Corp. (NYSE American: LEU) announced today that it has
signed several new sales contracts in the last three months to supply
its utility customers with low-enriched uranium fuel. The total value of
the contracts is an estimated $70 million, with deliveries through 2025.
Centrus’ utility customers will use the fuel to generate clean,
affordable, and reliable electricity.

“Despite the challenging conditions in the global nuclear fuel market,
we continue to sign new contracts with customers as a long-term supplier
of low-enriched uranium for their reactor fleets,” said Centrus
President and Chief Executive Officer Daniel B. Poneman. “Centrus is
well-positioned as the world’s most diversified supplier of enriched
uranium fuel to continue securing new business and extending our
existing relationships with customers as open demand for fuel emerges.”

About Centrus Energy Corp.

Centrus Energy Corp. is a trusted supplier of enriched uranium fuel for
commercial nuclear power plants in the United States and around the
world. Our mission is to provide reliable and competitive fuel goods and
services to meet the needs of our customers, consistent with the highest
levels of integrity, safety, and security.

Forward-Looking Statements

This news release contains “forward-looking statements” within the
meaning of Section 21E of the Securities Exchange Act of 1934 – that is,
statements related to future events. In this context, forward-looking
statements may address our expected future business and financial
performance, and often contain words such as “expects”, “anticipates”,
“intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or
“may” and other words of similar meaning. Forward-looking statements by
their nature address matters that are, to different degrees, uncertain.
For Centrus Energy Corp., particular risks and uncertainties that could
cause our actual future results to differ materially from those
expressed in our forward-looking statements include, risks and
uncertainties related to the continued impact of the March 2011
earthquake and tsunami in Japan on the nuclear industry and on our
business, results of operations and prospects; the impact and potential
extended duration of the current supply/demand imbalance in the market
for low-enriched uranium (“LEU”); our dependence on others for
deliveries of LEU including deliveries from the Russian government
entity Joint Stock Company “TENEX” (“TENEX”) under a commercial supply
agreement with TENEX (the “Russian Supply Agreement”); risks relating to
our sales order book, including risks related to market based pricing
and uncertainty concerning customer actions under current contracts and
in future contracting due to market conditions and lack of current
production capability; risks related to the value of our intangible
assets related to the sales order book and customer relationships; risks
associated with our reliance on third-party suppliers to provide
essential services to us; pricing trends and demand in the uranium and
enrichment markets and their impact on our profitability; movement and
timing of customer orders; risks related to trade barriers and contract
terms that limit our ability to deliver LEU to customers; risks related
to actions that may be taken by the U.S. government, the Russian
government or other governments that could affect our ability or the
ability of our sources of supply to perform under their contract
obligations to us, including the imposition of sanctions, restrictions
or other requirements; potential strategic transactions, which could be
difficult to implement, disrupt our business or change our business
profile significantly; the competitive environment for our products and
services; changes in the nuclear energy industry; the impact of
financial market conditions on our business, liquidity, prospects,
pension assets and insurance facilities; revenue and operating results
can fluctuate significantly from quarter to quarter, and in some cases,
year to year; and other risks and uncertainties discussed in this and
our other filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for the year ended December 31, 2016.

Contacts

Centrus Energy Corp.
Media:
Jeremy Derryberry, 301-564-3392
or
Investors:
Don
Hatcher, 301-564-3460