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Centrus Announces Final Results of its Cash Tender Offer for the Purchase of its Series B First Preferred Shares | State

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BETHESDA, Md., November 20, 2020 / PRNewswire / – Centrus Energy Corp. (NYSE American: LEU) (“Centrus” or the “Company”) today announced the final results of its takeover bid to buy up $ 60 million of its Series B First Preferred Shares, par value $ 1.00 per share (the “Series B preferred shares”), at a purchase price of $ 954.59 per share, less applicable withholding taxes. This represents a 25% reduction from the liquidation price per share. Offer expired at 5:00 p.m. Eastern Time, sure Tuesday 17th November 2020.

The takeover bid was oversubscribed. Pursuant to the terms of the tender offer, the Company has accepted for purchase 62,854 Series B preferred shares at the purchase price of $ 954.59 per share pro rata, for an aggregate purchase price of approximately $ 60 million. These shares represented approximately 60% of the outstanding Series B preferred shares of the Company as of September 30, 2020. The custodian informed Centrus that the final prorate factor was approximately 67.815% for the tender offer.

According to the final table from Computershare Trust Company, NA, the custodian of the tender offer, approximately 92,735 Series B Preferred Shares were properly tendered and were not properly withdrawn. The depositary will promptly issue payment for the shares duly surrendered and accepted for purchase and will return all other shares contributed.

DF King & Co., Inc. acted as information agent for the tender offer and Computershare Trust Company, NA, as custodian of the tender offer.

Additional information on the public tender offer

This communication is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Series B preferred shares of Centrus or any other security. The offer was made only by the tender offer statement on Schedule TO, as amended or supplemented, including the offer to purchase, letter of transmittal and related documents, filed with of the United States Securities and Exchange Commission in connection with the takeover bid.

About Centrus

Centrus is a trusted supplier of nuclear fuel and services to the nuclear industry. Centrus delivers value to its utility customers through the reliability and diversity of its supply sources, helping them meet the growing need for clean, affordable and carbon-free electricity. Since 1998, the company has provided its utility customers with more than 1,750 reactor years of fuel, equivalent to 7 billion tonnes of coal.

With world-class technical capabilities, Centrus provides turnkey engineering and advanced manufacturing solutions to its customers. The company is also advancing the next generation of centrifuge technology so America can restore its domestic uranium enrichment capability in the future. Learn more about www.centrusenergy.com.

Forward-looking statements

This press release contains statements that constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. In this context, forward-looking statements refer to statements relating to future events and often contain words such as “s’ expect “,” anticipates “,” intends “,” plans “,” believes “,” will “,” should “,” could “,” would “or” may “and other words with similar meaning. These statements include statements regarding possible future purchases of additional shares. Forward-looking statements, by their nature, deal with matters that are, to varying degrees, uncertain. The particular risks and uncertainties that could cause results to differ from those expressed in this press release include financial market conditions, the response of Series B preferred holders to a takeover bid and other factors described. in documents filed by the company with the Securities and Exchange Commission. These factors may not be all of the factors that could cause actual results to differ from those discussed in any forward-looking statement. Therefore, forward-looking statements should not be taken as a predictor of actual results. Readers are encouraged to carefully consider and take into account the various disclosures provided in this press release and in our other documents filed with the Securities and Exchange Commission, which attempt to educate interested parties about the risks and factors that may affect them. ‘affect our activities. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this release, except as required by law.

Centrus investor contacts:

Investors: Dan Leistikow (301) 564-3399 or [email protected]
Media: Lindsey Geisler (301) 564-3392 or [email protected]

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