BNFL Announces Sale of Reactor Sites Management Business

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BNFL Announces Sale Of Reactor Sites Management Business

LONDON

BNFL today announced it has commenced the sale of its reactor sites management business, which manages the safe delivery of operations and decommissioning at 10 nuclear sites across the UK, on behalf of the Nuclear Decommissioning Authority (NDA).

Mike Parker, BNFL's Group Chief Executive said: 'BNFL will ensure that the sale will follow a fair and transparent process.

'During this process, our focus continues to be the safe, secure and cost-effective operation and clean-up of the UK's civil nuclear sites. In doing so, our key objectives remain to ensure a good home for our people and the delivery of value to our shareholder.'

The sale will be of the entire share capital of a new wholly-owned business called Reactor Sites Management Company, which is responsible for the management of the Magnox reactor sites in the UK.

Magnox Electric Limited, which is the holder of a nuclear site licence for each of the NDA's Magnox reactor sites, will be a wholly-owned subsidiary of Reactor Sites Management Company and therefore will be included in the sale.

Magnox Electric Limited comprises 10 nuclear reactor sites, which have generated electricity safely for nearly 50 years. Four are still generating, with two ceasing by the end of 2006 and the last scheduled to cease in 2010. The Reactor Sites Management Company will employ around 70 staff directly at its base in Berkeley, Gloucestershire and has management responsibility for a further 3,500 employees across all its UK sites.

The sale is being handled for BNFL by its financial advisers, NM Rothschild & Sons Limited and any interested parties should contact Richard Guest at [email protected].

Notes to Editors

- NDA's Magnox reactor sites are Dungeness A, Sizewell A, Bradwell, Berkeley, Hinkley Point A, Oldbury, Trawsfynydd, Wylfa, Chapelcross, Hunterston A.
- Oldbury is scheduled to cease generation in 2008; Wylfa is scheduled to cease generation in 2010.

For further information please contact: Paul Vallance, Director of Communications, BNFL, Tel: +44-(0)1925-834075, Mobile: +44-(0)7730-801496. Ben Todd, External Relations, British Nuclear Group, Tel: +44-(0)1925-834431 Mobile: +44-(0)7738 039640



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