Improving the Corporate Management System and Plans for Development

In the reporting period the Company continued with the measures for improving the corporate structure and improving manageability and performance of subsidiaries and affiliates.

In order to complete the consolidation of Russian separating assets within the structure of JSC “TVEL”, in 2011 a number of corporate measures were introduced to transfer the shares of the CJSC “Uranium Enrichment Center”, currently owned by the Company, into the ownership of JSC “TVEL”.

The Company will continue to take part in the programmes and projects of the State Atomic Energy Corporation ROSATOM aimed at improving the efficiency of corporate government.