The Values Charter

SAFETY AND PHYSICAL SECURITY

The very nature of our businesses demands an acute sense of professionalism. For AREVA this translates into implementation of the highest standards for safety and physical security. It also implies superior know-how as well as constant vigilance in the fields of quality and environmental protection. AREVA fosters team spirit and creates working conditions that are conducive to professional fulfillment.

TRANSPARENCY

Transparency, sincere communications and openness to dialog are hallmarks of our communication programs. Our goal is to provide reliable and pertinent information enabling an objective assessment of our environmental, financial, social and societal performance.

PROFITABILITY

We have a duty to achieve and maintain high returns for our shareowners, our employees and all of our stakeholders.

RESPONSABILITY

As a major player in the energy market, we have a special responsibility not only to our direct stakeholders, but to the publicat large, which will ultimately benefit from our products and services.

INTEGRITY

Honesty, integrity and loyalty govern AREVA's practices and decisions at all times. The group scrupulously respects all the laws and regulations in the countries where it operates.

CUSTOMER SATISFACTION

Our growth and sustainability as a group, and thus our ability to meet our commitments to our stakeholders, are conditioned on customer satisfaction. AREVA applies all of its skills and resources to achieving customer satisfaction.

PARTENERSHIP

AREVA seeks to build frank and constructive relationships with all stakeholders. To meet their needs, we cultivate a spirit of partnership based on mutual responsibility, receptiveness and dialog. Our approach is to become involved in every one of the communities in which we do business. It is based on respect for local customs and on understanding the communities’ wishes.

Action principles

Customers

The group's customers are, for the most part, electricity companies and industrial firms that have their own responsibilities to stakeholders.

Our objective with regards to our customers

To offer products and services that enable them to ensure their development while assuming their responsibilities.

Our action principles

To achieve this objective, AREVA guarantees its customers:

• Constant availability for listening to their concerns,
• Respect for their commitments made to them,
• Respect for their culture and the protection of their image,
• Respect for the confidentiality of the data and expertise they entrust to us.

Shareholders

Our objective with regards our shareholders

To ensure growth and the return of capital they have invested in the group.

Our action principles

To achieve this objective, AREVA ensures:

• respect for the rules set out by the financial market authorities,
• the provision of accurate, relevant financial information for its shareholders,
• equal treatment for all shareholders.

Employees

The group's employees all have rights and responsibilities within the group.

The management objective with regards employees

The group's employees represent a wide variety of nationalities and origins. The Management must increasingly reflect this diversity.

Our action principles

Management ensures:

• that staff have the resources and working conditions that enable them to develop professionally,
• sincere and loyal social dialogue,
• that employees are offered training plans to maintain their level of expertise,
• that the private lives of employees are respected and that the group shall remain neutral with regard to each person's political opinions and beliefs. Conversely, AREVA prohibits all indoctrination in the workplace.

Employee objective

To work with the customer in mind and to respect the values of the group.

Our action principles

For all employees, acting in the customers interest involves:

• demonstrating professional conscientiousness, skill and thoroughness;
• carrying out our work in total transparency: operations must be fully traceable;
• having integrity, respecting laws and regulations;
• immediately raising the alarm: staff must be able to pass on the information necessary for proper operation of the group or to warn their supervisors of any malfunction in all circumstances;
• being concerned with the excellence of our services and our products;
• ensuring the transmission of knowledge useful to our activities.

Suppliers and subcontractors

Our objective

To build a lasting partnership with our suppliers and subcontractors, based on loyalty, fairness, objectivity and mutual respect.

Our action principles

Building lasting partnerships requires that:

• our suppliers, subcontractors, financial partners, consultants and commercial intermediaries adhere to our Values Charter;
• their own suppliers, subcontractors and industrial partners also adhere to the Charter;
• we protect their image and their confidential data;
• we reserve the right to verify the compliance of their practices with our values at any time.

The company, the planet

Our objective

To respect the environment and preserve natural resources. This is AREVA's commitment to local authorities, civil society and the planet.

Our action principles

This respect comes primarily through communication and transparency. The group therefore undertakes to:

• explain its strategic and technological choices;
• provide honest information on its activities and conduct, in full compliance with professional ethics;
• confirm its desire for openness, particularly by participating in public debate.

International treaties

As part of its nuclear activities, the group will collaborate only with state companies, or with states themselves, that have ratified international non-proliferation agreements.

AREVA also respects national provisions regarding the export of nuclear materials in countries where the group is present.

Conflicts of interest

Each employee must demonstrate their loyalty, and therefore:

• make known to his or her superiors any situation where there may be a conflict of interest with those of the group,
• not participate in meetings, decisions or analyses where their personal interests, or those of their friends and families, may be involved.

Furthermore, to avoid any form of favoritism, the recruitment of a family member may only be made with the agreement of supervisors.

Insider trading

Within the group, issues of confidentiality are paramount.

AREVA expects its employees to be aware of:

• their responsibility for discretion with regard to their friends and families,
• the risks connected to insider trading.

Group managers also undertake not to distribute privileged information unless otherwise authorized.

Gifts, industrial advantages

Objectivity and integrity govern the relationships between group employees and customers, suppliers and partners.

The general attitude to be adopted is therefore as follows:

• give notice of any attempt at corruption, solicitation or suspicious proposals,
• avoid situations with any ambiguity in this regard.

Gifts

It is prohibited to offer or receive the gift of goods or services with a value of more than 100 euros. Only formal exchanges may sometimes be exempt from this rule.

Payments

All group entities and managers must be able to justify the origin and usage of any amount of money.

In order to guarantee this transparency, AREVA undertakes to:

• guarantee that the subject of any payment is precisely described in the contractual and accounting documents (payment may not take place if this is not done);
• guarantee the identification of the payer or beneficiary in all payments, transmitting all contracts with commercial intermediaries to the legal or financial management.

Political funding

No company in the group is permitted to play a political role. No entity or company shall pay any funds or provide any service to an elected representative.

In OECD countries which authorize such practices, the group may make a financial contribution to electoral campaign funds solely with legal, transparent payments.

Patronage, donations, humanitarian initiatives

The group's patronage policy is managed by the Patronage and Partnerships Committee.

Spirit

Patronage and donations are guided by our AREVA values. Administrative or commercial counterparties are prohibited.

Methods

The group acts only as a partner, with no responsibility to the contracting owner or operator. The conduct of projects is left under the responsibility of the initiators.

Furthermore, AREVA cannot make any donation for state or local administration to private individuals. Similarly, payments in cash are prohibited.

Competition

AREVA and its employees comply with French and European competition law. The group respects the competition rules in countries where it operates.

Protection of assets and personnel

Employees must give notice of any anomaly identified in the area of protecting assets and personnel.

People

Our requirements are very stringent in this area. AREVA undertakes to perform its activities:

• in compliance with health, safety and environmental protection rules;
• with respect for human dignity, therefore prohibiting any harassment and any infringement of human and children's rights.

Brand reputation and image

Our reputation is key to our success. Employees ensure that:

• they do not harm the image of the group, its reputation or its credit;
• they do not disparage or indulge in ostentatious, uncivil or informal behavior with their counterparts.

Intangible assets

Employees undertake to protect the group's confidential information.