Cameco Completes $400 Million Debenture Offering and Announces Redemption of Senior Debentures Due 2022 - Seite 2

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Series H Debentures in any jurisdiction. The Series H Debentures have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States, or to or for the account or benefit of a U.S. person, absent registration under, or an applicable exemption from the registration requirements of, the U.S. Securities Act.

Profile

Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations. Utilities around the world rely on our nuclear fuel products to generate power in safe, reliable, carbon-free nuclear reactors. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.

Caution Regarding Forward-Looking Information and Statements

The statements contained in this news release regarding the Redemption, including the expected date of the Redemption, are “forward-looking information” or forward-looking statements under Canadian and U.S. securities laws. They are subject to the risk that the Redemption will not be completed as planned. This forward-looking information assumes that the Redemption will be successfully effected in accordance with the redemption provisions of the Indenture. We will not necessarily update this information unless we are required to by securities laws.

Although Cameco believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release. Cameco disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent legally required.

Investor inquiries:
Rachelle Girard
306-956-6403
[e-mail]

Media inquiries:
Jeff Hryhoriw
306-385-5221
[e-mail]