REG - JSC NAC Kazatomprom - KAP Signs a New Supply Agreement with ČEZ, a. s.

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15/04/2025 08:15

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RNS Number : 0632F  JSC National Atomic Co. Kazatomprom  15 April 2025

AIX: KAP, KAP.Y (GDR)

LSE: KAP (GDR)

 

 

15 April 2025, Astana, Kazakhstan

Kazatomprom Signs a New Supply Agreement with ČEZ, a. s.

National Atomic Company Kazatomprom JSC ("Kazatomprom" or the "Company") has
signed into a landmark agreement with ČEZ, a. s., marking a significant
expansion of its presence in Europe and further strengthening its position in
the global uranium market. The supply of Kazakh natural uranium concentrates
in the next seven years can cover approximately one-third of uranium needs for
Westinghouse-manufactured fuel assemblies for the Temelín nuclear power
plant. The agreement enhances the energy security of the Czech Republic and
supports the plant´s role in providing clean and sustainable energy.

ČEZ, a. s., is a leading energy company in Central Europe and a key player in
nuclear power generation. Operates six nuclear reactors (at the two sites of
Dukovany and Temelin), which supply around 36% of the Czech Republic's
electricity needs. Together with non-nuclear sources ČEZ supplies a
significant portion of Czechia's electricity, ensuring reliable and
sustainable energy for the region.

The official signing ceremony took place at ČEZ, a. s., headquarters in
Prague, with high-level representatives from both companies present. This deal
follows a series of strategic partnerships Kazatomprom has established
globally, showcasing its ongoing expansion and commitment to diversifying its
sales channels.

"With this new agreement, Kazatomprom continues to grow its footprint in the
European market and advance its strategy of diversifying sales portfolio, said
Vladislav Baiguzhin, Chief Commercial Officer of Kazatomprom. "This is another
important milestone in our mission to be a partner of choice for the global
nuclear energy industry. As we build on our previous contracts, partnerships
such as this one with ČEZ, a. s., allow us to support energy security in the
region while advancing our shared goals of decarbonisation and
sustainability".

Bohdan Zronek, Member of Board and Chief of the Nuclear Energy Division of,
ČEZ, a. s., added: "Securing a partnership with Kazatomprom diversifies our
portfolio of suppliers and have strategic importance for ČEZ and Czech
Republic. It ensures that our nuclear power plants will continue to have a
stable and reliable source of fuel, which is essential for meeting our energy
needs and driving our decarbonisation plan (VIZE 2030) to achieve net-zero
goals".

The agreement with ČEZ, a. s., follows a successful track record of
Kazatomprom's international collaborations, further solidifying its status as
a leading producer and supplier of natural uranium. This deal not only
strengthens ties between the two companies but also represents a significant
step in the ongoing evolution of Europe's energy landscape.

 

For more details, please contact:

Public Relations and Media Inquiries

Altynay Karibzhanova, Chief Expert, Public Relations

Tel: +7 7172 45 80 63

Email: pr@kazatomprom.kz (mailto:pr@kazatomprom.kz)

 

Investor Relations Inquiries

Botagoz Muldagaliyeva, Director, Investor Relations

Tel.: +7 7172 45 81 80/69

Email: ir@kazatomprom.kz (mailto:ir@kazatomprom.kz)

 

About Kazatomprom

Kazatomprom is the world's largest producer of uranium with the Company's
attributable production representing approximately 21% of global primary
uranium production in 2024. The Group benefits from the largest reserve base
in the industry and operates, through its subsidiaries, JVs and Associates, 27
deposits grouped into 14 mining assets. All of the Company's mining operations
are located in Kazakhstan and extract uranium using ISR technology with a
focus on maintaining industry-leading health, safety and environment standards
(ISO 45001 and ISO 14001 certified).

Kazatomprom securities are listed on the London Stock Exchange and the Astana
International Exchange. Kazatomprom is the national atomic company in the
Republic of Kazakhstan, the Group's primary customers are operators of nuclear
generation capacity, the principal export markets for the Group's products are
China, South and Eastern Asia, Europe and North America. The Group sells
uranium and uranium products under long-term contracts, short-term contracts
as well as in the spot market, directly from its headquarters in Astana,
Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House
KazakAtom AG (THK).

For more information, please see the Company website at www.kazatomprom.kz
(https://www.kazatomprom.kz/en) .

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