ARMZ Uranium Holding Co.’s governing bodies are:

Shareholders’ general meeting;

Board of Directors;

Director General (sole governing body).

The Board of Directors was elected at the Shareholders’ Annual General Meeting on June 30, 2009.

Director	Short Bio
Vladimir V. Travin	Born in the township of Bolshoe Kozino, Balakhna District, Gorky Region, Russia, in 1960. Degrees from the Arzamas Technical College and Moscow Institute of Physics & Technology
	Career
	2001 - 2005	Director General, Region Invest Consult Povolzhie
	2005 - 2005	Director General, Arzamas Experimental Corporation
	2005 - 2006	Councilor to the Head of Rosatom State Corporation
	2006 - 2007	Deputy Head of Rosatom State Corporation
	2007 - present	Director, AtomEnergoProm
Alexander M. Lokshin	Born in the city of Chita in1957. Degree in Thermo physics from the Leningrad Kalinin Institute of Polytechnics in 1980. Honored Power Engineering Specialist.
	Career
	1980 - 1996	Engineer, then Chief Engineer at Thermal Testing Lab, Chief Engineer – Power Plant Control; Chief of Shift – Turbine Plant; Chief of Shift – Plant 2; Chief of Shift, Smolensk NPP-1 (Desnogorsk, Smolensk Region)
	1996 - 1998	Deputy Chief, General Directorate, Deputy Chief, Commerce Department; Chief of Information & Analysis Section at RosEnergoAtom, Moscow
	1998 - 2001	First Deputy Director for Marketing, Economics, and Commerce at RosEnergoAtom, Moscow
	2001 - 2006	Acting Director, Director, Deputy Director General of RosEnergoAtom – Director, RosEnergoAtom Affiliate – Smolensk Nuclear Power Station
	2006 - 2008	First Deputy Director General, Acting Director General of RosEnergoAtom Concern
	June 2008 - present	Deputy Director General, Rosatom State Corporation
Vadim L. Zhivov	Born in Moscow, Russia, in 1963. Degree from the Moscow Power Institute
	Career
	2001 - 2003	Director General, Vados Pty.
	2003 - 2003	Business Development Consultant, ROSS Ltd.
	2003 - 2006	Vice President, Capitel Inc.
	2006 - 2007	Councilor to Director General; First Deputy Director General – Resource Management; First Deputy Director General – Feedstock Supply; First Deputy Director General – Director for Feedstock Supply, TENEX
	2007 - present	First Deputy Director General; Acting Director General; Director General, AtomRedMetZoloto – ARMZ Uranium Holding Co.
Vladislav I. Korogodin	Born in Moscow, Russia, in 1969. Degree from the Moscow Institute of Physics & Technology
	Career
	2004 - 2007	Deputy Chief, Directorate of Nuclear Materials Industry, Rosatom
	2007 - 2007	Deputy Chief, Directorate of Nuclear Power and Nuclear Fuel Cycle, Rosatom
	2007 - present	Director, Department of Marketing and Markets; Deputy Director, AtomEnergoProm
Yuri A. Olenin	Born in Kirovabad, Azerbaijan, in 1953. Degrees from the Erevan Marx Institute of Polytechnics, Penza National Technical University
	Career
	2001 - 2004	Director & Chief Designer, Eleron Research Institution – Zarechny, Penza Region
	2004 - 2007	Director General, Start Industrial Amalgamation – Zarechny, Penza Region
	2007 - present	First Vice President, President, TVEL

The sole shareholder in ARMZ Uranium Holding Co. appointed Mr. Vadim L. Zhivov Director General on 5-year tenure on November 19, 2007.