Toshiba Signs General Framework Agreement with Atomenergoprom to Explore Collaboration in Civilian Nuclear Power

Toshiba Corporation today announced that it has signed a general
framework agreement with Atomenergoprom (Joint Stock Company "Atomic
Energy Power Corporation"), the Russia´s state-owned nuclear energy
company, to explore collaboration in the civilian nuclear power
business field. The discussion under the agreement will take place
within the framework for the peaceful use of nuclear energy currently
being envisaged by the Japanese and Russian governments.

Based on the agreement, the parties will start feasibility studies
to consider cooperation which includes designing and engineering to
construct commercial nuclear power plants, manufacturing and
maintenance of large equipment, and front-end civilian nuclear fuel
cycle business. Complementary relations between the two companies
could lead to the establishment of a strategic partnership. The
agreement could also contribute to stable and secure supply of
services in front-end civilian nuclear fuel cycle in Japan, the United
States and elsewhere.

In signing this agreement, the parties proceed from the fact that
an important global task is the development and implementation of
safe, clean and efficient production systems for nuclear power.
Mutually complementary cooperation between Toshiba and Atomenergoprom
will have a positive synergetic effect on making the global nuclear
renaissance more foreseeable, assured and feasible.

The cooperation between the two companies will be strictly limited
to the peaceful use of nuclear power and will be undertaken within the
current and future framework of cooperation between the two countries´
governments, as well as the international framework for peaceful use
of nuclear power. If any technology exchange should occur in the
future, it will be only conducted in accordance with the international
agreement and national legislation of relevant countries. This
agreement is fully consistent with the goals and objectives of the
Global Nuclear Energy Partnership (GNEP). Russia, Japan and the United
States have all affirmed their support for GNEP.

Outline of Atomenergoprom (Joint Stock Company "Atomic Energy
Power Corporation")

Atomenergoprom unites all the Russian enterprises working on
peaceful use of atomic energy. It is 100% state-owned.

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Representatives: Chairman: Sergei Kiriyenko
Director: Vladimir Travin
Establishment: July 2007
Paid in capital: 3.4 billion rubles (142US$ million)
Head office: Moscow
Sales: US$8.3 billion (2007)
Employees: 176,000
Lines of business: Construction, operation of nuclear power plants;
Operating and maintenance of nuclear power
plants; Uranium mining and refining; Assembly of
nuclear fuels; Export of nuclear
equipment/services.
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