June 30, 2000

Press Release Concerning JNFL Executive Personnel Changes

Japan Nuclear Fuel Limited

JNFL announced that the following executive personnel changes were approved at the 21st stockholders' general meeting and the 134th board of directors meeting held today.

I. Newly Appointed Directors Senior Managing Director Mitsuo Suzuki (Former Managing Director of Japan Nuclear Fuel Limited) Managing Director Hideo Yakabe (Former Director of Japan Nuclear Fuel Limited) Managing Director Seiichiro Isobe Managing Director Junichi Yamaji Director Shingo Matsuoka Director Morihiro Yoneda Director Katsuhiko Yamazaki Director Hideo Minamiyama (part-time) Director Nobuyuki Masuda (part-time) Director Taizou Nishimuro (part-time) II. Outgoing Directors Senior Managing Director Yukinobu Takaoka Senior Managing Director Hiroshi Yamashita Director Masami Hayashi Director Hiromoto Iio (part-time) Director Seiji Izumi (part-time) Corporate Auditor Youtaro Iida (part-time) Corporate Auditor Fumio Sato (part-time) Directory of Executives I. Executives Title Name Work Responsibility Chairman Hiroji Oota (Chairman of Federation of Electric Power Companies, President of Chubu Electric Power Company) President Tetsuo Takeuchi Executive Vice President Manabu Negishi Overall Operation Executive Vice President Masashi Sasaki Overall Operation Executive Vice President Yasuo Matsumoto Overall Operation Senior Managing Director Takashi Akutsu Legal Affairs Office, Collecting and Researching of Domestic and International Information Senior Managing Director Toshio Inomata General Manager of Rokkasho Administration Senior Managing Director Mitsuo Suzuki Planning Dept. Fuel Research Managing Director Kensuke Fueki Uranium Enrichment Dept. President of the Nuclear Fuel Machinery Co., Ltd. Managing Director Yoshihisa Hagawa General Affairs Dept. Personnel Dept. Material & Purchasing Dept. Managing Director Hiroyoshi Hamada Reprocessing Dept. Safeguards Dept. Managing Director Kei Nakada Preparation Div. for Reprocessing Plant Operation, Spent Fuel & Vitrified Waste Management Dept. Managing Director Yoshio Hirata General Manager of Reprocessing Office Managing Director Hideo Yakabe Plant Siting & Public Relations Dept. Marketing Dept. Managing Director Seiichiro Isobe Low Level Waste Management Dept. Safety Technology Dept. Radiological Safety Dept. Managing Director Junichi Yamaji Collecting and Researching of Domestic and International Information Director Takahiko Ohno Director for Uranium Enrichment Technology Director Norio Higuchi General Manager of Low Level Radioactive Waste Disposal Centre, Enrichment & Disposal Office. Director Yasuhito Shirasaka General Manager of Civil & Architectural Engineering Dept. Director Akimichi Tani Superintendent of Uranium Enrichment Plant, Enrichment & Disposal Office Director Toshirou Funaya General Manager of Reprocessing Dept. Director Toshikazu Tanaka General Manager of Reprocessing Plant Construction Office, Director Kouki Hosoya Deputy General Manager of Rokkasho Administration, Director for Safety Operations Director Nobuhiko Ishii Accounting & Finance Dept. Director Shingo Matsuoka Safety Technology Dept. Director Morihiro Yoneda Director for Fuel Research Director Katsuhiko Yamazaki General Manager of Marketing Dept. Director Hideo Minamiyama (President of Hokkaido Electric Power Company) Director Toshiaki Yashima (President of Tohoku Electric Power Company) Director Nobuya Minami (President of Tokyo Electric Power Company) Director Fujio Shinki (President of Hokuriku Electric Power Company) Director Hiroshi Ishikawa (President of Kansai Electric Power Company) Director Shitomi Takasu (President of Chugoku Electric Power Company) Director Atsushi Oonishi (President of Shikoku Electric Power Company) Director Michisada Kamata (President of Kyushu Electric Power Company) Director Yoshihiko Sumi (President of The Japan Atomic Power Company) II. Corporate Auditors Title Name Work Responsibility Standing Corporate Auditor Yoshihiro Yamawaki Regular basis Standing Corporate Auditor Kenji Kanayama Regular basis Standing Corporate Auditor Shuichi Machida Regular basis Corporate Auditor Nobuyuki Masuda (Board of Directors, Mitsubishi Heavy Industries Ltd.) Corporate Auditor Tsutomu Kanai (Chairman and Representative Director of Hitachi, Ltd.) Corporate Auditor Taizo Nishimuro (President & Chief Executive Officer, Toshiba Corporation)