Areva SA Announces that the International Court of Arbitration of the International Chamber of Commerce has ruled in favor of the Areva-Siemens Consortium in a dispute with TVO

Areva SA announced that the International Court of Arbitration of the International Chamber of Commerce (ICC), called on in order to resolve the dispute between the Areva-Siemens consortium and its customer, the Finnish operator TVO, as part of the construction of the EPR reactor of the Olkiluoto 3 (OL3) nuclear power plant in Finland, has just handed down a partial judgment requiring TVO to release EUR 100 million owed to the Areva-Siemens Consortium, and withheld in contravention of contractual provisions. With accrued interest, TVO shall pay a total amount of EUR 125 million, in addition to the legal expenses incurred by the Consortium.