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Social and environmental rating: AREVA rated "A" by Innovest

Press release

FACTS AND FIGURES / FINANCE

June 02, 2005

At AREVA's request, the investment research and advisory firm Innovest performed a social and environmental assessment. AREVA received a rating of A on a scale of CCC to AAA.

AREVA rating:

The assessment places the group above the BBB average in its reference sector*. The rating gives socially responsible investment funds (SRI) a better understanding of AREVA's sustainable development programs and favors the company's inclusion in that type of portfolio.

The Innovest rating is based on an assessment of performance and strategies along four lines: strategic governance, the environment, human capital and stakeholder relations. In performing the assessment, Innovest judges the corporation's capacity for creating sustainable value for the investor over the medium to long term.

Yves Coupin, AREVA Director of Sustainable Development and Continuous Improvement, stated: "Innovest's rating strengthens the sustainable development and continuous improvement programs being deployed in all of the group's operations by positioning AREVA at the head of the pack of socially responsible corporations in its sector. Considering its still recent track record in sustainable development, the group expects to improve more in relation to the most advanced companies. In accordance with our policy of transparency, the group will publish any future revisions to this rating".

A summary of the rating report is available on AREVA's website.

* Electrical Equipment according to the Standard & Poors' classification (GICS 201040)

About INNOVEST

Founded in 1995 with the mission of identifying non-traditional sources of risk and value potential for investors, Innovest Strategic Value Advisors is an internationally recognized investment research and advisory firm specializing in analyzing companies' performance on environmental, social, and strategic governance issues, with a particular focus on their impact on competitiveness, profitability, and share price performance. Innovest has been ranked the world's leading sustainable development research firm by several independent assessments, including those of Deloitte & Touche, ERM, Dames & Moore and, more recently, the Swedish environmental research foundation Mistra.

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