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Investor Presentaiton

Energy independence and security of energy supply now becoming increasingly important Russia is a key player in both conversion and enrichment 92 U כ YELLOW CAKE PLC Mining Global conversion capacity (2) Capacity (Mt U) Source: 16.0 15 15 14.0 12.5 12.5 12.0 10.0 8.0 6.0 4.0 2.0 Front-end nuclear cycle overview (1) Conversion 7 China France Russia Canada United States 1) World Nuclear Association, Nuclear Fuel Cycle Overview, April 2021 2) World Nuclear Association, Conversion and Deconversion, January 2022 3) World Nuclear Association, Uranium Enrichment, September 2020 Capacity (SWU) I Enrichment Fuel Fabrication Global enrichment capacity (3) 30.0 27.7 25.0 20.0 15.0 10.0 5.0 18.3 7.5 6.8 0.1 Russia United Kingdom France China Other 16
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