KBR to Execute Boiler Installation and Demolition at Cameco’s Rabbit Lake Project

Houston, Texas — — KBR (NYSE: KBR) today announced it was selected to execute boiler demolition and construction for Cameco Corporation’s (Cameco) Rabbit Lake boiler upgrade project. Cameco’s Rabbit Lake operation is the longest operating uranium production facility in Canada, and the second largest uranium mill in the world by capacity.

KBR Canada subsidiary, KBR Wabi, will perform installation and demolition of the boilers, ancillary equipment and utilities for the project. This project builds on KBR Wabi’s previous contract management work executed for Cameco and complements KBR Wabi’s long-time presence in mining construction in Canada.

“This is a strategic project for KBR Wabi as we continue to expand our extensive mining construction portfolio,” said Karl Roberts, Senior Vice President, KBR Canada. “Cameco is a world leader in low-cost uranium production and we’re pleased to collaborate with them and support their needs in the growing minerals market.”

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.