Uranium One Group (“Uranium One” or the “Company”) today announced that Mr. Andrey Shutov has been appointed President of the Company. Prior to this appointment, he served as the Vice President of Operations.

Mr. Shutov has more than 20 years of experience in managing mining and chemical enterprises. Before joining Uranium One Group, he had been heading one of the Russia’s biggest gold producers UralPlatina Holding Ltd.

Mr. Vasily Konstantinov steps down due to expiration of his contract. The Company extends its sincere appreciation to Mr. Konstantinov for his past service and wishes him success in his future endeavours.